10 Jun 2013
GBP/JPY capped below 153.00
FXstreet.com (Barcelona) - GBP/JPY is last trading at 152.44, off session and weekly highs at 152.90, up +0.44% on the week so far, mostly in the back of Yen weakness, following positive data for Japan just released, and Nikkei index opening higher above the +2%.
According to CMT and FXTimes.com Analyst Fan Yang the cross needs to hold above the pivot point at 153.57 in order to “revive the bullish outlook,” the analyst said, once it has managed to pull back most of the fall started past Thursday at around weekly highs 153.62, down to fresh 7-week lows Friday at 148.17. Nikkei index is last up around +3%.
Immediate support to the downside for GBP/JPY lies at May 23/June 03 lows/Friday's highs 151.91/78, followed by Thursday's lows at 150.29, while to the upside, closest resistance shows at recent session highs 152.90, followed by Thursday's highs at 153.60.
According to CMT and FXTimes.com Analyst Fan Yang the cross needs to hold above the pivot point at 153.57 in order to “revive the bullish outlook,” the analyst said, once it has managed to pull back most of the fall started past Thursday at around weekly highs 153.62, down to fresh 7-week lows Friday at 148.17. Nikkei index is last up around +3%.
Immediate support to the downside for GBP/JPY lies at May 23/June 03 lows/Friday's highs 151.91/78, followed by Thursday's lows at 150.29, while to the upside, closest resistance shows at recent session highs 152.90, followed by Thursday's highs at 153.60.