20 Jun 2014
GBP/JPY holding levels that threaten 174 handle
FXStreet (Guatemala) - GBP/JPY is trading at 173.70, up 0.01% on the day, having posted a daily high at 173.85 and low at 173.65.
GBP/JPY is settled at key resistance and notably at the highest levels since the start of this year while markets take into consideration the probability of a rate hike from the BoE coming sooner than previously expected and what had previously been priced into sterling. However and meanwhile, the FXStreet OB/OS Index is reflecting overbought hourly conditions, although the FXStreet Trend Index remains slightly bullish still.
GBP/JPY Levels
Spot is presently trading at 173.71, and next resistance can be seen at 173.72 (Daily Classic R1), 173.80 (Yesterday's High), 173.85 (Daily High), 174.02 (Weekly Classic R1) and 174.25 (Daily Classic R2). Support below can be found at 173.71 (Daily Open), 173.70 (Monthly High), 173.70 (Weekly High), 173.65 (Daily Low) and 173.51 (Hourly 20 EMA).
GBP/JPY is settled at key resistance and notably at the highest levels since the start of this year while markets take into consideration the probability of a rate hike from the BoE coming sooner than previously expected and what had previously been priced into sterling. However and meanwhile, the FXStreet OB/OS Index is reflecting overbought hourly conditions, although the FXStreet Trend Index remains slightly bullish still.
GBP/JPY Levels
Spot is presently trading at 173.71, and next resistance can be seen at 173.72 (Daily Classic R1), 173.80 (Yesterday's High), 173.85 (Daily High), 174.02 (Weekly Classic R1) and 174.25 (Daily Classic R2). Support below can be found at 173.71 (Daily Open), 173.70 (Monthly High), 173.70 (Weekly High), 173.65 (Daily Low) and 173.51 (Hourly 20 EMA).