4 Jul 2013
GBP/JPY capped below 153.00
FXstreet.com (Barcelona) - The GBP/JPY foreign exchange cross rate is currently trading at 152.66 bids, practically unchanged from previous Asia-Pacific open yesterday, after recovering from a sharp decline to daily lows at 151.22.
GBP/JPY holding ground on Pound strength
Despite the fact the sharp bounce coming from Yen strength and USD weakness that took the USD/JPY to daily lows near the 99.00 handle, Pound was even stronger than Yen against USD, taking Cable just shy of the 1.53 mark from yesterday's late Asian session lows at 1.5128, on the back of much better than expected UK services PMI data.
GBP/JPY key technical levels
Immediate resistance to the upside for GBP/JPY shows at recent NY session/fresh 3-week highs 153.00, followed by June 06 highs at 153.60, and June 04 highs at 153.86. To the downside, closest support lies at recent session lows 152.46, followed by Monday's/June 20 highs at 152.11/151.99, and June 24 highs 151.74.
GBP/JPY holding ground on Pound strength
Despite the fact the sharp bounce coming from Yen strength and USD weakness that took the USD/JPY to daily lows near the 99.00 handle, Pound was even stronger than Yen against USD, taking Cable just shy of the 1.53 mark from yesterday's late Asian session lows at 1.5128, on the back of much better than expected UK services PMI data.
GBP/JPY key technical levels
Immediate resistance to the upside for GBP/JPY shows at recent NY session/fresh 3-week highs 153.00, followed by June 06 highs at 153.60, and June 04 highs at 153.86. To the downside, closest support lies at recent session lows 152.46, followed by Monday's/June 20 highs at 152.11/151.99, and June 24 highs 151.74.