28 Apr 2015
GBP/JPY rises above 182.00 to 7-week highs
FXStreet (Córdoba) - The pound is rising for the third day in a row against the yen and managed to break above 182.00 for the first time since early March.
GBP/JPY rebounded strongly during the European session. Initially bottomed at 180.70 after the release of the GDP estimate of the first quarter in the United Kingdom but then bounced sharply and soared as the GBP/USD jumped above 1.5300.
The pair peaked at 182.30 and it was trading at 182.20, 90 pips above yesterday’s closing price.
GBP/JPY technical levels
To the upside, immediate resistance lies at 182.30 (daily high), 182.55 and 183.10/15 (March 11 high). On the opposite direction support might lie at 181.90 (American session low), 181.60 (Apr 27 high) and 181.15.
GBP/JPY rebounded strongly during the European session. Initially bottomed at 180.70 after the release of the GDP estimate of the first quarter in the United Kingdom but then bounced sharply and soared as the GBP/USD jumped above 1.5300.
The pair peaked at 182.30 and it was trading at 182.20, 90 pips above yesterday’s closing price.
GBP/JPY technical levels
To the upside, immediate resistance lies at 182.30 (daily high), 182.55 and 183.10/15 (March 11 high). On the opposite direction support might lie at 181.90 (American session low), 181.60 (Apr 27 high) and 181.15.