29 Apr 2014
GBP/JPY hits 3-week highs and losses momentum
FXStreet (Córdoba) - The GBP/JPY rose during the Asian session to 172.92, level not seen since April 3. After UK GDP data pulled back to 172.30 but rebounded and rose back again, approaching daily highs.
After Wall Street’s opening bell the pair lost upside momentum and pulled back toward 172.30. Currently trades at 172.52/54, up 0.15% for the day. The Pound is rising for the second day in a row and continues to trade near 173.00 that is a key short term resistance level.
The Yen is practically unchanged across the board; it was able to trim losses during the American session. The Pound, that lost ground after UK data, then strengthened and rose back to the level it had before the report.
After Wall Street’s opening bell the pair lost upside momentum and pulled back toward 172.30. Currently trades at 172.52/54, up 0.15% for the day. The Pound is rising for the second day in a row and continues to trade near 173.00 that is a key short term resistance level.
The Yen is practically unchanged across the board; it was able to trim losses during the American session. The Pound, that lost ground after UK data, then strengthened and rose back to the level it had before the report.