1 Jul 2013
GBP/JPY testing the 151.00 level
FXstreet.com (New York) - The GBP/JPY technical cross moved slightly higher at the opening during overnight trading to test the initial upside target of 151.00.
GBP/JPY static trading
Despite testing this region, the pair has remained remarkably static recently, notching a meager advance of +0.01%. At this juncture the cross is operating at 150.96. Consistent with the calculations of the Mataf.net analyst team, pair will face supportive means at 151.14, then 151.60, and eventually 152.51. Conversely, a break below 149.77 will initiate support at 148.66.
GBP/JPY eyes BoE
This week there is the first Bank of England meeting under new governor Carney, however the BoE’s policy of not issuing a statement on a “no change” decision means market participants will have to wait for the minutes (17 July) to get an insight into the new governor’s thinking.
GBP/JPY static trading
Despite testing this region, the pair has remained remarkably static recently, notching a meager advance of +0.01%. At this juncture the cross is operating at 150.96. Consistent with the calculations of the Mataf.net analyst team, pair will face supportive means at 151.14, then 151.60, and eventually 152.51. Conversely, a break below 149.77 will initiate support at 148.66.
GBP/JPY eyes BoE
This week there is the first Bank of England meeting under new governor Carney, however the BoE’s policy of not issuing a statement on a “no change” decision means market participants will have to wait for the minutes (17 July) to get an insight into the new governor’s thinking.