23 Jul 2013
GBP/JPY trading at the 153.00 region
FXstreet.com (New York) - The GBP/JPY technical cross has been hugging the 153.00 region during Asian trading Tuesday morning, ultimately failing to report any sweeping movements given the lack of catalysts or stimuli.
GBP/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/JPY closed the weekly candlestick above 153.00, stressing the expectation of the continuation of the uptrend within the bullish channel. Targets are expected to begin at 154.25 and extend toward 156.75 throughout the week. The pair must reside above 151.60 so that the uptrend would continue.”
GBP/JPY technical bias
At the time of writing, the GBP/JPY is trading negatively, down a modest -0.07%, whilst settling at the 152.97 region. In terms of the technical levels, GBP/JPY is slated to encounter calculated support should the cross fall to 152.78 (July 4 high), ahead of 152.60 (July 22 low), and 152.38 (June 10 low).
GBP/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/JPY closed the weekly candlestick above 153.00, stressing the expectation of the continuation of the uptrend within the bullish channel. Targets are expected to begin at 154.25 and extend toward 156.75 throughout the week. The pair must reside above 151.60 so that the uptrend would continue.”
GBP/JPY technical bias
At the time of writing, the GBP/JPY is trading negatively, down a modest -0.07%, whilst settling at the 152.97 region. In terms of the technical levels, GBP/JPY is slated to encounter calculated support should the cross fall to 152.78 (July 4 high), ahead of 152.60 (July 22 low), and 152.38 (June 10 low).