29 Oct 2013
GBP/JPY regaining territory
FXstreet.com (London) - GBP/JPY has made a high of 157.72 and is currently resting around 157.44.
GBP/JPY has climbed steadily but is finding resistance in 157.50/70. From the calendar in the UK, mortgage approvals rose from an upwardly-revised 63.4K to 66.7K in Sept, beating market expectations for 66.0K and reaching their highest level since Feb 2008.
GBP/JPY Levels
The 20 DMA is 157.35, the 50 DMA is 156.55 and the 200 DMA is 150.75. RSI (14) reads 50.63. Supports are ascending from 155.50, 155.85, 156.45, 156.75, 157.00. Spot is 157.47 while resistance are 157.90, 158.30, 158.75 and 159.55
GBP/JPY has climbed steadily but is finding resistance in 157.50/70. From the calendar in the UK, mortgage approvals rose from an upwardly-revised 63.4K to 66.7K in Sept, beating market expectations for 66.0K and reaching their highest level since Feb 2008.
GBP/JPY Levels
The 20 DMA is 157.35, the 50 DMA is 156.55 and the 200 DMA is 150.75. RSI (14) reads 50.63. Supports are ascending from 155.50, 155.85, 156.45, 156.75, 157.00. Spot is 157.47 while resistance are 157.90, 158.30, 158.75 and 159.55