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23 Apr 2014
GBP/JPY perming well on BoE expectations
FXStreet (Guatemala) - GBP/JPY is trading at 172.61, down -0.01% on the day, having posted a daily high at 172.71 and low at 172.54.
GBP has been stronger against the USD, down from the highs of last week but continues to do well on the crosses in general. Strategists at RBS said this was down to the markets thinking (quietly) about Bank of England tightening earlier and faster than other major central banks in this world of data dependency. Meanwhile GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
RSI is in neutral territory at 48.41
RSI is in neutral territory at 48.41, down from it’s last hourly close at 63.64, while ADX is ranging above 30 at 12.11, down from 22.48 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 59.90. The 200 SMA is currently at 172.39, up from 171.26 at the last period close, and climbing on the hourly GBP/JPY chart. Moving in an upward trend, the exponential average closing price is 171.08.
GBP/JPY Levels
Spot is presently trading at 172.63, and next resistance can be seen at 172.64 (Weekly High), 172.71 (Daily High), 172.73 (Monthly High), 172.78 (Yesterday's High) and 172.87 (Daily Classic R2). Next support to the downside can be found at 172.61 (Daily Open), 172.57 (Daily Classic R1), 172.55 (Hourly 20 EMA), 172.54 (Daily Low) and 172.23 (Daily Classic PP).
GBP has been stronger against the USD, down from the highs of last week but continues to do well on the crosses in general. Strategists at RBS said this was down to the markets thinking (quietly) about Bank of England tightening earlier and faster than other major central banks in this world of data dependency. Meanwhile GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
RSI is in neutral territory at 48.41
RSI is in neutral territory at 48.41, down from it’s last hourly close at 63.64, while ADX is ranging above 30 at 12.11, down from 22.48 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 59.90. The 200 SMA is currently at 172.39, up from 171.26 at the last period close, and climbing on the hourly GBP/JPY chart. Moving in an upward trend, the exponential average closing price is 171.08.
GBP/JPY Levels
Spot is presently trading at 172.63, and next resistance can be seen at 172.64 (Weekly High), 172.71 (Daily High), 172.73 (Monthly High), 172.78 (Yesterday's High) and 172.87 (Daily Classic R2). Next support to the downside can be found at 172.61 (Daily Open), 172.57 (Daily Classic R1), 172.55 (Hourly 20 EMA), 172.54 (Daily Low) and 172.23 (Daily Classic PP).