13 Dec 2013
GBP/JPY on the march
FXstreet.com (London) - GBP/JPY is relentless ahead of RSI (14) 70 at 69.31 currently, marking a high of 169.37, currently oscillating at 169.33/40 mid price.
Kit Juckes, head of global currency strategy at Societe Generale said, “GBP/JPY has now clearly broken free, targeting,… 184 as it recovers more of the 2007-2011 move (251 to 117)”.
GBP/JPY Levels
The 20 DMA is 165.45, the 50 DMA is 160.75 and the 200 DMA is 153.85. RSI (14) reads 60.21. Supports are ascending from 165.90, 166.60,166.85, 167.25, 167.75, 168.40. spot is 169.33 mid with resistances at 169.35, 170.05 and 171.35.
Kit Juckes, head of global currency strategy at Societe Generale said, “GBP/JPY has now clearly broken free, targeting,… 184 as it recovers more of the 2007-2011 move (251 to 117)”.
GBP/JPY Levels
The 20 DMA is 165.45, the 50 DMA is 160.75 and the 200 DMA is 153.85. RSI (14) reads 60.21. Supports are ascending from 165.90, 166.60,166.85, 167.25, 167.75, 168.40. spot is 169.33 mid with resistances at 169.35, 170.05 and 171.35.