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11 Jun 2013
GBP/JPY trading near session lows
FXstreet.com (New York) - The JPY renaissance has culminated in a rally against most G10 currencies, including that of the GBP/JPY technical cross Tuesday after an earlier BoJ decision.
GBP/JPY ruptures calculated support
At the time of writing, the GBP/JPY foreign exchange is trading near its intraday lows of 151.11 Tuesday, settling officially at 151.22/75, down a staunch -1.68%. Given an earlier movement below support at 152.41, Mataf.net analysts calculate further supportive measures for the pair at 151.10, ahead of 150.19. On the ascension, a break above the 154.63 handle will initiate resistances at 155.54 and 156.85.
GBP/JPY downside rebound on the horizon?
“The GBP/JPY pair is trading in clear positivity yesterday approaching the horizontal barrier 154.70 where it might rebound to the downside now affected by the strength of the referred to level and negativity of the stochastic. Accordingly, we will be neutral now to monitor the pair at resistance levels 154.70 and support 151.80 to get more intraday confirmation signals.” notes the Technical Analyst Team at ICN.com.
GBP/JPY ruptures calculated support
At the time of writing, the GBP/JPY foreign exchange is trading near its intraday lows of 151.11 Tuesday, settling officially at 151.22/75, down a staunch -1.68%. Given an earlier movement below support at 152.41, Mataf.net analysts calculate further supportive measures for the pair at 151.10, ahead of 150.19. On the ascension, a break above the 154.63 handle will initiate resistances at 155.54 and 156.85.
GBP/JPY downside rebound on the horizon?
“The GBP/JPY pair is trading in clear positivity yesterday approaching the horizontal barrier 154.70 where it might rebound to the downside now affected by the strength of the referred to level and negativity of the stochastic. Accordingly, we will be neutral now to monitor the pair at resistance levels 154.70 and support 151.80 to get more intraday confirmation signals.” notes the Technical Analyst Team at ICN.com.