23 Jul 2013
GBP/JPY tumbles to 153.00 barrier
FXstreet.com (New York) - The GBP/JPY technical cross plunged downwards towards the 153.00 during US trading, as the JPY strengthens across the board.
In these moments, the GBP/JPY is unable to shake its negatively, relegated to losses of -0.06%, currently trading at 153.01. Technically speaking, the GBP/JPY remains well fortified by short-term supports at 152.40, ahead of 151.80, and 151.15, notes the Danske Research Team.
GBP/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/JPY resumes positive trades headed toward 154.00, supported by the positivity the stochastic offers. Our outlook for an uptrend continues throughout the day, provided that the price stabilizes above 151.80.”
In these moments, the GBP/JPY is unable to shake its negatively, relegated to losses of -0.06%, currently trading at 153.01. Technically speaking, the GBP/JPY remains well fortified by short-term supports at 152.40, ahead of 151.80, and 151.15, notes the Danske Research Team.
GBP/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/JPY resumes positive trades headed toward 154.00, supported by the positivity the stochastic offers. Our outlook for an uptrend continues throughout the day, provided that the price stabilizes above 151.80.”