12 May 2014
GBP/JPY rises back above 172.00
FXStreet (Córdoba) - The GBP/JPY is rising on Monday, trimming part of last week losses and has been able to rise back above 172.00. Currently the pair trades at 172.28, up 0.38% from today’s opening price.
Earlier Cable peaked at 172.50, the highest price since last Thursday. From Friday’s lows it has risen 115 pips.
GBP/JPY short term support at 171.20
The pair continues to move sideways around 172.00. Last week the pair found support around 171.20, the same level that capped the downside late in April. To the upside, price has been unable to hold above 173.00. The mentioned area has become an important resistance in the short term.
Earlier Cable peaked at 172.50, the highest price since last Thursday. From Friday’s lows it has risen 115 pips.
GBP/JPY short term support at 171.20
The pair continues to move sideways around 172.00. Last week the pair found support around 171.20, the same level that capped the downside late in April. To the upside, price has been unable to hold above 173.00. The mentioned area has become an important resistance in the short term.