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12 Jul 2013
GBP/JPY sinking through the 150.00 handle
FXstreet.com (London) - GBP/JPY has seen a choppy number of sessions and GBP/JPY remains below the ascending support line.
GBP/JPY is sinking below the 150.00 handle again as the pair has become resisted at the 50 d MA. The pair has been attracting offers there since dropping from 151.60 at the start of the week. The market will be looking at US data and BoE minutes on the 17th July for a direction in this pair ne way or the other while monitoring the technical outlook.
GBP/JPY technically neutral
The pair is dependant on 148.65 support and 152.00 resistance for breakout territories, while the ascending channel is being tested to the downside. Danske Bank Technical Update suggests Support comes 148.70, 148.30, 147.45, 147.15 and Resistances are sighted by the bank at 150.65,151.05,151.60, 152.20. RSI 9 36.17 with minor trend to the downside and major trend remains bullish.
GBP/JPY is sinking below the 150.00 handle again as the pair has become resisted at the 50 d MA. The pair has been attracting offers there since dropping from 151.60 at the start of the week. The market will be looking at US data and BoE minutes on the 17th July for a direction in this pair ne way or the other while monitoring the technical outlook.
GBP/JPY technically neutral
The pair is dependant on 148.65 support and 152.00 resistance for breakout territories, while the ascending channel is being tested to the downside. Danske Bank Technical Update suggests Support comes 148.70, 148.30, 147.45, 147.15 and Resistances are sighted by the bank at 150.65,151.05,151.60, 152.20. RSI 9 36.17 with minor trend to the downside and major trend remains bullish.