15 Jul 2015
GBP/JPY breaks above 193.00, 2-week highs
FXStreet (Córdoba) - A resilient pound and a weak yen pushed GBP/JPY to the upside with enough strength to break above the 193.00 barrier. The pair peaked recently at 193.65, reaching levels last seen back in June 26. Currently is trading at 193.50, holding a bullish tone
GBP/JPY above important resistance; Will it close the gap?
The pair is attempting to hold above 193.40 where a short term resistance level was located; if success it could gain strength to continue moving to the upside.
Two weeks ago the pair made a bearish gap of 180 pips that could be filled during the next days if pound continues to recover. From the level it had a week ago it has risen almost 900 pips.
The pound remained strong in the market despite a disappointing jobs report in the United Kingdom that was released during the European session and showed an increase in the claimant count by 7.000, against expectation of a decline of 9.000.
GBP/JPY above important resistance; Will it close the gap?
The pair is attempting to hold above 193.40 where a short term resistance level was located; if success it could gain strength to continue moving to the upside.
Two weeks ago the pair made a bearish gap of 180 pips that could be filled during the next days if pound continues to recover. From the level it had a week ago it has risen almost 900 pips.
The pound remained strong in the market despite a disappointing jobs report in the United Kingdom that was released during the European session and showed an increase in the claimant count by 7.000, against expectation of a decline of 9.000.