4 Dec 2013
GBP/JPY on the gap
FXstreet.com (London) - GBP/JPY continues to hover over the gap formed on the start of this weeks session, anchored towards the 168 handle.
GBP/JPY is perhaps in for choppy waters which may see its anchor struggling while the UK comes into the spot light again this week. The BoE is on Thursday, after PMI’s tomorrow and then consumer inflation expectations on Friday. Meanwhile, the BoJ is working on contingency plans for further economic stimulus according to officials briefed on the
process.
GBP/JPY Levels
The 20 DMA is 162.10, the 50 DMA is 159.40 and the 200 DMA is 152.90. RSI (14) 45.25. Supports are ascending from 166.50, 166.85, 167.40. Spot is 167.72 while resistances are 168.20, 168.80, 170.00, 170.45, 173.00 and 173.65.
GBP/JPY is perhaps in for choppy waters which may see its anchor struggling while the UK comes into the spot light again this week. The BoE is on Thursday, after PMI’s tomorrow and then consumer inflation expectations on Friday. Meanwhile, the BoJ is working on contingency plans for further economic stimulus according to officials briefed on the
process.
GBP/JPY Levels
The 20 DMA is 162.10, the 50 DMA is 159.40 and the 200 DMA is 152.90. RSI (14) 45.25. Supports are ascending from 166.50, 166.85, 167.40. Spot is 167.72 while resistances are 168.20, 168.80, 170.00, 170.45, 173.00 and 173.65.