3 Dec 2013
GBP/JPY; ”Get long?”.
FXstreet.com (London) - GBP/JPY has dropped from within the 169.00 handle and moved a full big figure lower ahead of a busy week data wise for the pound.
GBP/JPY may become subject to the data that is from the UK this week and markets are seeming to remain pro sterling. Strategists at TD Securities noted “The team said that tomorrow’s services PMI is the last key release ahead of the BoE on Thursday, and after upside surprises on this figure for nearly a year, the risks for tomorrow’s print still lie to upside and could further add to the GBP’s recent rise”.
GBP/JPY Levels
The 20 DMA is 162.10, the 50 DMA is 159.40 and the 200 DMA is 152.90. RSI (14) 41.78. Supports are ascending from 166.50, 166.85, 167.40. Spot is 167.90 while resistances are 168.20, 168.80, 170.00, 170.45, 173.00 and 173.65.
GBP/JPY may become subject to the data that is from the UK this week and markets are seeming to remain pro sterling. Strategists at TD Securities noted “The team said that tomorrow’s services PMI is the last key release ahead of the BoE on Thursday, and after upside surprises on this figure for nearly a year, the risks for tomorrow’s print still lie to upside and could further add to the GBP’s recent rise”.
GBP/JPY Levels
The 20 DMA is 162.10, the 50 DMA is 159.40 and the 200 DMA is 152.90. RSI (14) 41.78. Supports are ascending from 166.50, 166.85, 167.40. Spot is 167.90 while resistances are 168.20, 168.80, 170.00, 170.45, 173.00 and 173.65.