22 Aug 2013
GBP/JPY holds support line
FXstreet.com (Barcelona) - GBP/JPY has reached a high of 153.82 in European markets but had tailed off a little ahead of NA opening.
GBP/JPY is currently trading slightly bid in the 153.60’s. In the absence of UK and Japanese data, on the calendar for today for the pair’s counterpart crosses, the weekly initial unemployment claims were in focus. The results came out in initial jobless claims at 336K vs consensus 322k, so a slightly disappointing which takes Sterling slightly higher moving in on the 1.5600 handle again from sub 1.5580. USD/JPY was offered into the 98.40’s form sub 98.70. The annual Jackson Hole conference for central bankers also starts today. However, there No prominent Fed speakers that are scheduled, so there shouldn’t be any new insight into Fed's monetary policy thinking.
GBP/JPY keeps neutral
GBP/JPY is a mixed play and neutral for the time being, albeit holding in the rising support line at 153.51. The 20 DMA is 151.00, 50 DMA is 151.00 and the 200 DMA is 146.00. RSI (9) reads 60.75. Supports are ascending from 149.80, 150.65, 151.20, 151.70, 152.75, and 153.20. Spot is currently 153.61 while resistances are 154.05, 154.65 and 155.05.
GBP/JPY is currently trading slightly bid in the 153.60’s. In the absence of UK and Japanese data, on the calendar for today for the pair’s counterpart crosses, the weekly initial unemployment claims were in focus. The results came out in initial jobless claims at 336K vs consensus 322k, so a slightly disappointing which takes Sterling slightly higher moving in on the 1.5600 handle again from sub 1.5580. USD/JPY was offered into the 98.40’s form sub 98.70. The annual Jackson Hole conference for central bankers also starts today. However, there No prominent Fed speakers that are scheduled, so there shouldn’t be any new insight into Fed's monetary policy thinking.
GBP/JPY keeps neutral
GBP/JPY is a mixed play and neutral for the time being, albeit holding in the rising support line at 153.51. The 20 DMA is 151.00, 50 DMA is 151.00 and the 200 DMA is 146.00. RSI (9) reads 60.75. Supports are ascending from 149.80, 150.65, 151.20, 151.70, 152.75, and 153.20. Spot is currently 153.61 while resistances are 154.05, 154.65 and 155.05.