15 Apr 2014
GBP/JPY testing 171.50
FXStreet (Córdoba) - The GBP/JPY broke above 170.15/20 during the recent American session and climbed to 170.50. Afterwards pulled back finding support around 170.00. Early in Asia resumed the upside and currently is testing the 170.50 zone.
The Yen is among the worst performers in the first hours of Tuesday as the Nikkei 225 rises 0.95%. The Pound remains steady ahead of important economic data in the United Kingdom where inflation data will be released on Wednesday.
Above 170.50 the next resistance lies at 170.90 and above here at 171.05. To the downside immediate support lies at 170.15/20 and below here at 169.95/170.00 and 169.50 (April 11 low).
The Yen is among the worst performers in the first hours of Tuesday as the Nikkei 225 rises 0.95%. The Pound remains steady ahead of important economic data in the United Kingdom where inflation data will be released on Wednesday.
Above 170.50 the next resistance lies at 170.90 and above here at 171.05. To the downside immediate support lies at 170.15/20 and below here at 169.95/170.00 and 169.50 (April 11 low).