23 Oct 2013
GBP/JPY edging higher above 159.30
FXstreet.com (Chicago) - GBP/JPY prints higher highs and lows despite sideways price action ahead of Tokyo’s opening.
Data recap, ahead
No Japanese data will be released during today’s Asian session. In the UK, the BoE will be announced later on. Expectations are set at 0 with the BoE MPC vote unchanged at 9. Recapitulating data released earlier, the public sector net borrowing results for September were 9.368B pounds vs. expected 10.400B.
GBP/JPY Technical Levels
Technically speaking, the pair extends the upward trendline from reversal day on October 9th. On corrective move after impulsive rally, the pair remains close to previously broken resistance, now support, at 159.34. On the downside, supports are aligned at 159.28 (October 3rd highs), 158.78 (October 18th highs) followed by 158 (October 16th highs) and the resistances set at 159.59 (September 20th highs), 159.93 (October 1st highs) followed by 161.13 (June 20th 2009 highs).
Data recap, ahead
No Japanese data will be released during today’s Asian session. In the UK, the BoE will be announced later on. Expectations are set at 0 with the BoE MPC vote unchanged at 9. Recapitulating data released earlier, the public sector net borrowing results for September were 9.368B pounds vs. expected 10.400B.
GBP/JPY Technical Levels
Technically speaking, the pair extends the upward trendline from reversal day on October 9th. On corrective move after impulsive rally, the pair remains close to previously broken resistance, now support, at 159.34. On the downside, supports are aligned at 159.28 (October 3rd highs), 158.78 (October 18th highs) followed by 158 (October 16th highs) and the resistances set at 159.59 (September 20th highs), 159.93 (October 1st highs) followed by 161.13 (June 20th 2009 highs).