6 Jun 2014
GBP/JPY post highest weekly close in a month
FXStreet (Córdoba) - The GBP/JPY ended the week hovering around 172.30, posting the highest weekly close in a month, on the back of a weak Yen and a recovery of the Pound.
During Friday, the pair peaked at 172.49, the strongest price since May 13, then pulled back but managed to rise back above 172.00 and approached daily highs during the American session.
GBP/JPY levels to watch
To the upside, immediate resistance could be located at 172.50 (June 6 high) and above here, between 172.75 and 173.00 there is a congestion zone; the comes 173.50 (May 2 high).
On the opposite direction, support levels might lie at 171.80 (June 6 low), 171.20 (June 3 low) and 170.90.
During Friday, the pair peaked at 172.49, the strongest price since May 13, then pulled back but managed to rise back above 172.00 and approached daily highs during the American session.
GBP/JPY levels to watch
To the upside, immediate resistance could be located at 172.50 (June 6 high) and above here, between 172.75 and 173.00 there is a congestion zone; the comes 173.50 (May 2 high).
On the opposite direction, support levels might lie at 171.80 (June 6 low), 171.20 (June 3 low) and 170.90.