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21 Apr 2014
GBP/JPY performs well on 172 handle
FXStreet (Guatemala) - GBP/JPY is trading at 172.33, up 0.20% on the day, having posted a daily high at 172.41 and low at 171.88.
GBP/JPY is performing well while the JPY is suffering in risk on markets of late. The pair has achieved the 172 handle with conviction and is moving into overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. However, RSI is in neutral territory at 69.91, down from it’s last hourly close at 72.74, while ADX is trending above 30 at 34.60, up from 24.48 at the last hourly close. Looking to a daily chart, we also see that RSI is neutral at 58.34.
GBP/JPY Levels
Spot is presently trading at 172.36, and next resistance can be seen at 172.41 (Daily High), 172.41 (Daily Classic R2), 172.62 (Daily Classic R3), 172.73 (Monthly High) and 172.97 (Weekly Classic R1). Next support to the downside can be found at 172.21 (Daily Classic R1), 172.21 (Yesterday's High), 172.05 (Daily Open), 172.03 (Hourly 20 EMA) and 172.00 (Weekly High).
GBP/JPY is performing well while the JPY is suffering in risk on markets of late. The pair has achieved the 172 handle with conviction and is moving into overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. However, RSI is in neutral territory at 69.91, down from it’s last hourly close at 72.74, while ADX is trending above 30 at 34.60, up from 24.48 at the last hourly close. Looking to a daily chart, we also see that RSI is neutral at 58.34.
GBP/JPY Levels
Spot is presently trading at 172.36, and next resistance can be seen at 172.41 (Daily High), 172.41 (Daily Classic R2), 172.62 (Daily Classic R3), 172.73 (Monthly High) and 172.97 (Weekly Classic R1). Next support to the downside can be found at 172.21 (Daily Classic R1), 172.21 (Yesterday's High), 172.05 (Daily Open), 172.03 (Hourly 20 EMA) and 172.00 (Weekly High).