5 Dec 2013
GBP/JPY moving in on 166 handle
FXstreet.com (London) - GBP/JPY is extending the downside, moving in on the 166 handle.
Strategists at TD Securities said, “As widely expected, the BoE meeting this morning was a non-event, with no changes to the policy rate or asset purchase program and no statement. The next key domestic event for the GBP will be a speech by Carney on Monday.
GBP/JPY Levels
The 20 DMA is 163.05, the 50 DMA is 159.75 and the 200 DMA is 153.20. RSI (14) reads 25.99. Supports are ascending from 165.75 and 166.00. Spot is 166.12 while resistances are 166.50, 166.80, 168.40, 169.15, 170.00 and 170.45.
Strategists at TD Securities said, “As widely expected, the BoE meeting this morning was a non-event, with no changes to the policy rate or asset purchase program and no statement. The next key domestic event for the GBP will be a speech by Carney on Monday.
GBP/JPY Levels
The 20 DMA is 163.05, the 50 DMA is 159.75 and the 200 DMA is 153.20. RSI (14) reads 25.99. Supports are ascending from 165.75 and 166.00. Spot is 166.12 while resistances are 166.50, 166.80, 168.40, 169.15, 170.00 and 170.45.