22 Aug 2013
GBP/JPY maintains élan at 153.76, 4-week highs zone
FXstreet.com (Chicago) - GBP/JPY
Bullish channel sustained
According to the ICN technical analysis team, the pair rides an upside trend targeting 163.00 is 147.65 is remains intact. The yen was dragged by a losing Nikkei 225 at 0.44% while in the UL the FTSE 100 closed with 0.88% daily gains.
GBP/JPY Technical Levels
Technically speaking, the pair flows at 153.70 between supports at 153.63 (August 21st highs), 153.33 (July 17th highs) ahead of 153.00 (July 26th highs) and resistances at 153.95 (session highs), 154.21 (June 7th highs) followed by 154.64 (May 28th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis and it indicates the pair is offered above the EMA20.
Bullish channel sustained
According to the ICN technical analysis team, the pair rides an upside trend targeting 163.00 is 147.65 is remains intact. The yen was dragged by a losing Nikkei 225 at 0.44% while in the UL the FTSE 100 closed with 0.88% daily gains.
GBP/JPY Technical Levels
Technically speaking, the pair flows at 153.70 between supports at 153.63 (August 21st highs), 153.33 (July 17th highs) ahead of 153.00 (July 26th highs) and resistances at 153.95 (session highs), 154.21 (June 7th highs) followed by 154.64 (May 28th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis and it indicates the pair is offered above the EMA20.