24 Oct 2014
GBP/JPY climbs to 174.00
FXStreet (Córdoba) - Cable continues to rise against the yen and reached levels not seen in 14 days, adding to weekly gains. The yen is among the worst performer during the week in the currency market, amid risk appetite.
GBP/JPY broke above 173.00 yesterday during the American session and gained bullish momentum. The area around 173.65/70 capped the upside, but recently the pair broke above and climbed to 173.99, reaching the highest price since October 9.
GBP/JPY levels to consider
To the upside, immediate resistance lies at 174.00 (daily high) and above here at 174.30 and 174.60. On the opposite direction 173.60/70 is now a support level to consider, followed by 172.95 (daily low) and 172.60.
GBP/JPY broke above 173.00 yesterday during the American session and gained bullish momentum. The area around 173.65/70 capped the upside, but recently the pair broke above and climbed to 173.99, reaching the highest price since October 9.
GBP/JPY levels to consider
To the upside, immediate resistance lies at 174.00 (daily high) and above here at 174.30 and 174.60. On the opposite direction 173.60/70 is now a support level to consider, followed by 172.95 (daily low) and 172.60.