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13 Jun 2014
GBP/JPY sitting at testing heights
FXStreet (Guatemala) - GBP/JPY is trading at 172.51, up 0.20% on the day, having posted a daily high at 172.54 and low at 172.11.
The pound was already strong after the release yesterday of yet another robust employment report from the UK but Carney was the main event for Sterling today in his hawkish speech at the Mansion House dinner. GBP/JPY soared by over a big figure up to test May highs. Meanwhile, the BoJ will meet later on and analysts at RBS explained that, “The BoJ has remained fairly neutral in terms of its policy signalling through the implementation of the consumption tax hike and we expect the Bank will maintain a generally upbeat view on the economy and prices”.
GBP/JPY Levels
Current price is 172.52, with resistance ahead at 172.54 (Daily High), 172.68 (Daily Classic R3), 172.99 (Weekly Classic R1), 173.81 (Weekly Classic R2) and 174.37 (Annual High). Next support to the downside can be found at 172.28 (Yesterday's High), 172.28 (Monthly High), 172.28 (Weekly High), 172.25 (Daily Classic R2) and 172.16 (Daily Open).
The pound was already strong after the release yesterday of yet another robust employment report from the UK but Carney was the main event for Sterling today in his hawkish speech at the Mansion House dinner. GBP/JPY soared by over a big figure up to test May highs. Meanwhile, the BoJ will meet later on and analysts at RBS explained that, “The BoJ has remained fairly neutral in terms of its policy signalling through the implementation of the consumption tax hike and we expect the Bank will maintain a generally upbeat view on the economy and prices”.
GBP/JPY Levels
Current price is 172.52, with resistance ahead at 172.54 (Daily High), 172.68 (Daily Classic R3), 172.99 (Weekly Classic R1), 173.81 (Weekly Classic R2) and 174.37 (Annual High). Next support to the downside can be found at 172.28 (Yesterday's High), 172.28 (Monthly High), 172.28 (Weekly High), 172.25 (Daily Classic R2) and 172.16 (Daily Open).