29 Apr 2015
GBP/JPY has eyes on 27th Feb highs on 185 handle
FXStreet (Guatemala) - GBP/JPY is currently at 183.73 trading with a high of 184.12 and a low of 182.12.
GBP/JPY is consolidating the bid where cable rallied on the back of the greenback's supply when the GDP Q1 set markets off ahead of the FOMC statement hat came a little later. The euro took off and the pound followed close behind, while the Yen was managing scores vs the dollar deep below the 199 handle before a recovery took the major back in to the 119 vicinity.
Sterling on the other hand has been as low as a test below the 1.54 handle post the FOMC and the elections are likely seeing investors looking else where for a securer position. Technically, we are trading around R3 on top of 183.20 support while momentum indicators still offer room to the upside with the direction having turned steeper with eyes on 185.01 and 27th Feb high.
GBP/JPY is consolidating the bid where cable rallied on the back of the greenback's supply when the GDP Q1 set markets off ahead of the FOMC statement hat came a little later. The euro took off and the pound followed close behind, while the Yen was managing scores vs the dollar deep below the 199 handle before a recovery took the major back in to the 119 vicinity.
Sterling on the other hand has been as low as a test below the 1.54 handle post the FOMC and the elections are likely seeing investors looking else where for a securer position. Technically, we are trading around R3 on top of 183.20 support while momentum indicators still offer room to the upside with the direction having turned steeper with eyes on 185.01 and 27th Feb high.