25 Jun 2013
GBP/JPY struggling around the 151.00 handle
FXstreet.com (Barcelona) - GBP/JPY has been up and down during the week so far to end up unchanged from previous weekly close Friday, last at 150.97, off weekly lows at 149.71, printed in early NY trade.
The cross is currently pushing to the upside right below the 151 round figure on the back of Yen weakness, even though Pound is also having some difficulties against the USD. The Nikkei index is down -0.7% for the day below the key 13k points mark, which is helping Yen weakness to remain limited.
Immediate resistance to the upside for GBP/JPY shows at recent session highs 151.08, followed by yesterday's weekly highs at 151.76, and Friday's/Thursday's highs at 151.93. To the downside closest support lies at recent session lows 150.53, followed by NY session weekly/Friday's lows at 149.73, and Wednesday's lows at 148.21.
The cross is currently pushing to the upside right below the 151 round figure on the back of Yen weakness, even though Pound is also having some difficulties against the USD. The Nikkei index is down -0.7% for the day below the key 13k points mark, which is helping Yen weakness to remain limited.
Immediate resistance to the upside for GBP/JPY shows at recent session highs 151.08, followed by yesterday's weekly highs at 151.76, and Friday's/Thursday's highs at 151.93. To the downside closest support lies at recent session lows 150.53, followed by NY session weekly/Friday's lows at 149.73, and Wednesday's lows at 148.21.