6 Mar 2014
GBP/JPY breaks 170.60 and climbs to 171.40
FXStreet (Córdoba) - The GBP/JPY rose for the second day in row extending the recovery from levels under 169.00 and finished hovering around 171.00, posting the highest daily close since mid January.
Cable was among the best performers on Wednesday, pushing the GBP/JPY to the upside. The rally of the pair found resistance at 171.40, where it bounced slightly to the downside, falling toward 171.00.
GBP/JPY from 2-week lows to test February highs
At the beginning of the week the pair fell to 168.83, reaching a 2-week low but on the back of an improvement in the situation in Ukraine and a stronger Pound, rose breaking above 171.00 and now is eyeing February highs that lie at 171.89.
Cable was among the best performers on Wednesday, pushing the GBP/JPY to the upside. The rally of the pair found resistance at 171.40, where it bounced slightly to the downside, falling toward 171.00.
GBP/JPY from 2-week lows to test February highs
At the beginning of the week the pair fell to 168.83, reaching a 2-week low but on the back of an improvement in the situation in Ukraine and a stronger Pound, rose breaking above 171.00 and now is eyeing February highs that lie at 171.89.