9 Aug 2013
GBP/JPY capped by 150.30 zone
FXstreet.com (Chicago) - GBP/JPY climbed relentlessly throughout Thursday before reaching 150.30 zone that triggered steady descent on potential double top formation.
Price action indicated a stronger pound that accumulated 0.43% gains against the yen on Thursday’s session. The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis with supports aligned at 150.12 (July 28th lows), 149.99 (July 31st highs) followed by 149.90 (July 29th lows) and resistances at 150.30 (July 27th lows), 150.53 (August 1st highs) ahead of 150.79 (August 7th highs).
The ICN reported an upside trend “targeting 163.00” with intraday range between 147.65 and 151.00.
Price action indicated a stronger pound that accumulated 0.43% gains against the yen on Thursday’s session. The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis with supports aligned at 150.12 (July 28th lows), 149.99 (July 31st highs) followed by 149.90 (July 29th lows) and resistances at 150.30 (July 27th lows), 150.53 (August 1st highs) ahead of 150.79 (August 7th highs).
The ICN reported an upside trend “targeting 163.00” with intraday range between 147.65 and 151.00.