6 Dec 2013
GBP/JPY is making a break in the 168 handle
FXstreet.com (Barcelona) - GBP/JPY is making a break in the 168 handle.
The GBP/JPY is climbing into tackle the next resistance post claiming the168 handle. Sterling is bid currently despite the stronger data from the US. The market has digested the data and now it is free to come to its own conclusions determining the rest of today’s price action which is likely to slow down into the weekend. 168.40 is next target for the pair to challenge before 169.20 as this weeks high.
GBP/JPY Levels
The 20 DMA is 163.45, the 50 DMA is 159.90 and the 200 DMA is 153.30. RSI (14) 78.74. Supports are ascending from 164.05,164.35, 165.30, 165.75, 166.15, 167.10 and 167.75. Spot is 168.15 and resistances are 168.40 and 169.15.
The GBP/JPY is climbing into tackle the next resistance post claiming the168 handle. Sterling is bid currently despite the stronger data from the US. The market has digested the data and now it is free to come to its own conclusions determining the rest of today’s price action which is likely to slow down into the weekend. 168.40 is next target for the pair to challenge before 169.20 as this weeks high.
GBP/JPY Levels
The 20 DMA is 163.45, the 50 DMA is 159.90 and the 200 DMA is 153.30. RSI (14) 78.74. Supports are ascending from 164.05,164.35, 165.30, 165.75, 166.15, 167.10 and 167.75. Spot is 168.15 and resistances are 168.40 and 169.15.