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15 Aug 2013
GBP/JPY testing Yen weakness above 152.00
FXstreet.com (Barcelona) - The GBP/JPY foreign exchange cross rate is last trading at 152.08, off recent session lows at 151.83, retracing from fresh double weekly highs at 152.56, highest since late July, following better than expected UK job figures.
GBP/JPY should keep focus on the upside
According to the FXMarketAlerts Team, “ability to sustain above the 150.65 support should keep focus on the upside with move above last session's high to trigger extension to 152.93.” The cross is up +1.94% for the week thus far, helped on strong 98 support in USD/JPY.
GBP/JPY key technical levels
Immediate support to the downside for GBP/JPY lies at current levels as yesterday's Asian session highs 151.90, followed by yesterday's lows at 151.20, and August 08 highs at 150.57. To the upside, closest resistance shows at early NY fresh 3-week highs 152.58, followed by July 24 lows at 152.70, and July 26 highs at 152.99.
GBP/JPY should keep focus on the upside
According to the FXMarketAlerts Team, “ability to sustain above the 150.65 support should keep focus on the upside with move above last session's high to trigger extension to 152.93.” The cross is up +1.94% for the week thus far, helped on strong 98 support in USD/JPY.
GBP/JPY key technical levels
Immediate support to the downside for GBP/JPY lies at current levels as yesterday's Asian session highs 151.90, followed by yesterday's lows at 151.20, and August 08 highs at 150.57. To the upside, closest resistance shows at early NY fresh 3-week highs 152.58, followed by July 24 lows at 152.70, and July 26 highs at 152.99.