2 Jul 2013
GBP/JPY recovers from low
FXstreet.com (London) - GBP/JPY has recovered from printing a low for the day as 151.25.
GBP/JPY is entering NY bid at 151.60/75, while there isn’t anything on the cards specifically for the pair today data wise, focus will remain on the dollar and data that comes at the end of the week in US Jobs numbers. Also, BoE will play a part in the direction of this pair this week.
GBP/JPY upside bias
GBP/JPY has moved lower in Europe but the momentum in this move is slowing down to find support ahead of 151.40. MA’s are pointing to the upside with RSI reading 56.64. The range in the near term is between 150.00 and 153.15 targeting 163.00 while 147.65 remains in tact.
GBP/JPY is entering NY bid at 151.60/75, while there isn’t anything on the cards specifically for the pair today data wise, focus will remain on the dollar and data that comes at the end of the week in US Jobs numbers. Also, BoE will play a part in the direction of this pair this week.
GBP/JPY upside bias
GBP/JPY has moved lower in Europe but the momentum in this move is slowing down to find support ahead of 151.40. MA’s are pointing to the upside with RSI reading 56.64. The range in the near term is between 150.00 and 153.15 targeting 163.00 while 147.65 remains in tact.