23 Dec 2013
GBP/JPY back to 170.00 in a quiet session
FXstreet.com (Córdoba) - After closing last week under 170.00, the GPB/JPY opened around 169.85 but managed climb back above 170.00 in the initial hours of a quiet Asian session. Markets in Japan are closed and volume remains lows.
Cable lost ground for the second day day in a row on Friday against the Yen, after being unable to hold above 171.00, pulling back after reaching on Wednesday at 171.17, the highest price since October 2008.
GBP/JPY Technical outlook
So far the pair reached a daily high at 170.20 and a low at 169.80; currently trades at 170.03. Above 170.20, resistance comes at 170.50 (Friday's European session lows) and 171.05 (December 20th high). To the downside support levels could be located at 169.80 (daily low), 169.30 and 169.15 (December 16th highs).
Cable lost ground for the second day day in a row on Friday against the Yen, after being unable to hold above 171.00, pulling back after reaching on Wednesday at 171.17, the highest price since October 2008.
GBP/JPY Technical outlook
So far the pair reached a daily high at 170.20 and a low at 169.80; currently trades at 170.03. Above 170.20, resistance comes at 170.50 (Friday's European session lows) and 171.05 (December 20th high). To the downside support levels could be located at 169.80 (daily low), 169.30 and 169.15 (December 16th highs).