11 Aug 2015
GBP/JPY back near 195.00, eyes 2015 highs
FXStreet (Córdoba) - The pound is posting important gains against the yen for the second day in a row and continued to move toward 2015 highs that lie at 195.90.
GBP/JPY broke above 194.50 (August 10 high) on European hours and jumped to 194.90. Afterward a pulled back, rebounded at 194.25, rising back above 194.50. Currently it trades at 194.75, headed toward the highest daily close since June 23.
The pound yesterday was among the stronger in the market while today remains resilient. The yen dropped across the board during the last two days, boosting GBP/JPY to the upside.
GBP/JPY technical levels
To the upside, resistance levels might lie at 195.00, 195.25 (last week highs) and 195.85/90 (June 24 high). On the opposite direction support could be located at 194.25 (American session low), 193.95 (daily low) and 193.70.
GBP/JPY broke above 194.50 (August 10 high) on European hours and jumped to 194.90. Afterward a pulled back, rebounded at 194.25, rising back above 194.50. Currently it trades at 194.75, headed toward the highest daily close since June 23.
The pound yesterday was among the stronger in the market while today remains resilient. The yen dropped across the board during the last two days, boosting GBP/JPY to the upside.
GBP/JPY technical levels
To the upside, resistance levels might lie at 195.00, 195.25 (last week highs) and 195.85/90 (June 24 high). On the opposite direction support could be located at 194.25 (American session low), 193.95 (daily low) and 193.70.