2 Jul 2013
GBP/JPY unable to make thrust towards 152.00
FXstreet.com (New York) - The GBP/JPY technical cross could not stabilize above the 152.00 level yesterday, instead edging back lower and continuing a weakness that dragged into Asian trading.
GBP/JPY unable to move off opening levels
In these moments, the GBP/JPY is incurring a tepid loss of -0.02%, settling at 151.60. Briefing the technicals, Mataf.net analysts identify the next short-term measures of support at 150.49, then 149.85, and finally 149.46. Meanwhile, resistance lies higher at 151.91, onto 152.55.
GBP/JPY needs to breach 151.90 to confirm upside
According to the Technical Analyst Team at ICN.com, “The GBP/JPY is trading within an ascending channel, supporting the upside move over intraday and short-term basis, and the pair currently needs to breach 151.90 to confirm moving towards 156.75 as the initial first awaited target.
GBP/JPY unable to move off opening levels
In these moments, the GBP/JPY is incurring a tepid loss of -0.02%, settling at 151.60. Briefing the technicals, Mataf.net analysts identify the next short-term measures of support at 150.49, then 149.85, and finally 149.46. Meanwhile, resistance lies higher at 151.91, onto 152.55.
GBP/JPY needs to breach 151.90 to confirm upside
According to the Technical Analyst Team at ICN.com, “The GBP/JPY is trading within an ascending channel, supporting the upside move over intraday and short-term basis, and the pair currently needs to breach 151.90 to confirm moving towards 156.75 as the initial first awaited target.