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22 Apr 2014
GBP/JPY riding sterling’s waves
FXStreet (Guatemala) - Currently, GBP/JPY is trading at 172.37, up 0.06% on the day, having posted a daily high at 172.58 and low at 172.21.
GBP/JPY is higher on a string pound with 1.70 in cable on the lips of traders. UK Retails sales will be the next key event for the pair this week. Meanwhile, the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
GBP/JPY Levels
Spot is presently trading at 172.37, and next resistance can be seen at 172.41 (Daily Classic R2), 172.52 (Yesterday's High), 172.58 (Daily High), 172.62 (Daily Classic R3) and 172.73 (Monthly High). Support below can be found at 172.31 (Hourly 20 EMA), 172.29 (Daily Open), 172.28 (Weekly High), 172.21 (Daily Low) and 172.21 (Daily Classic R1).
GBP/JPY is higher on a string pound with 1.70 in cable on the lips of traders. UK Retails sales will be the next key event for the pair this week. Meanwhile, the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
GBP/JPY Levels
Spot is presently trading at 172.37, and next resistance can be seen at 172.41 (Daily Classic R2), 172.52 (Yesterday's High), 172.58 (Daily High), 172.62 (Daily Classic R3) and 172.73 (Monthly High). Support below can be found at 172.31 (Hourly 20 EMA), 172.29 (Daily Open), 172.28 (Weekly High), 172.21 (Daily Low) and 172.21 (Daily Classic R1).