6 Sep 2013
GBP/JPY struggling to stay above 156 in early Tokyo
FXstreet.com (Barcelona) - The GBP/JPY foreign exchange cross rate is currently selling off on Yen strength trading last at the 156 handle, as USD/JPY pulls back the 100 big round figure, and the Nikkei index opens in Tokyo slightly to the downside but still above the 14000 points mark.
GBP/JPY intraday trade remains firm
“Boosted by the sharp rally last session, intraday trade remains firm and move above 156.10 resistance will extend current gain to 156.55 then stronger 156.77,” said the FXMarketAlerts Team, adding: “Only setback below 154.67 support to reverse current strength.”
GBP/JPY key technical levels
Immediate support to the downside for GBP/JPY lies at current levels as Wednesday's highs 155.97, followed by Tuesday's highs/yesterday's lows at 155.57/49, and August 15 highs at 153.32. To the upside, closest resistance shows at recent session highs 156.22, followed by late London fresh 3-month highs at 156.48, and May 21 highs at 156.61.
GBP/JPY intraday trade remains firm
“Boosted by the sharp rally last session, intraday trade remains firm and move above 156.10 resistance will extend current gain to 156.55 then stronger 156.77,” said the FXMarketAlerts Team, adding: “Only setback below 154.67 support to reverse current strength.”
GBP/JPY key technical levels
Immediate support to the downside for GBP/JPY lies at current levels as Wednesday's highs 155.97, followed by Tuesday's highs/yesterday's lows at 155.57/49, and August 15 highs at 153.32. To the upside, closest resistance shows at recent session highs 156.22, followed by late London fresh 3-month highs at 156.48, and May 21 highs at 156.61.