26 Mar 2014
GBP/JPY breaks above 169.50
FXStreet (San Francisco) - The sterling is extending its advance against the Japanese Yen with the pair breaking above the 169.50 level after the US opening bell.
The GBP/JPY climbed more than 70 pips since the early European session from 168.85 to break above previous highs around 169.30 and the 169.50 key level to reach a fresh highest since March 20 at 169.60.
With 0.30% daily gains so far, the GBP/JPY is currently trading at 169.55 with a short term perspective slightly bullish according to the FXStreet's trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
GBP/JPY levels
If the pair manages to consolidate levels above 169.50, next resistances are seen at 169.70 and 170.00; on the downside, supports are at 169.35, 169.00 and 168.85.
The GBP/JPY climbed more than 70 pips since the early European session from 168.85 to break above previous highs around 169.30 and the 169.50 key level to reach a fresh highest since March 20 at 169.60.
With 0.30% daily gains so far, the GBP/JPY is currently trading at 169.55 with a short term perspective slightly bullish according to the FXStreet's trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
GBP/JPY levels
If the pair manages to consolidate levels above 169.50, next resistances are seen at 169.70 and 170.00; on the downside, supports are at 169.35, 169.00 and 168.85.