19 Jul 2013
GBP/JPY RSI approaching overbought area
FXstreet.com (Barcelona) - GBP/JPY has reached a high of 153.39, having drifted steadily higher this week.
GBP/JPY took a tumble overnight but has since recovered slightly shy of yesterdays peak. Fundamentally, the pair is benefiting from calmer markets and a slightly better tone form the UK economy, with Cable back into slightly less negative territory amid a unified BoE.
GBP/JPY Levels
The 50d ma 152.05 has been supporting the upside with key resistance in the broader sense coming at the 200d ma 143.20. RSI 9 is currently reading 66.09 that signal’s a toppy position. Supports are 150.55, 150.90, 151.80, 152.15. Resistance 153.40, 154.20, 154.75, 155.05.
GBP/JPY took a tumble overnight but has since recovered slightly shy of yesterdays peak. Fundamentally, the pair is benefiting from calmer markets and a slightly better tone form the UK economy, with Cable back into slightly less negative territory amid a unified BoE.
GBP/JPY Levels
The 50d ma 152.05 has been supporting the upside with key resistance in the broader sense coming at the 200d ma 143.20. RSI 9 is currently reading 66.09 that signal’s a toppy position. Supports are 150.55, 150.90, 151.80, 152.15. Resistance 153.40, 154.20, 154.75, 155.05.