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20 Jun 2013
GBP/JPY still trapped inside 149.50/148.50 range
FXstreet.com (Barcelona) - Given today was a day of a massive rally in the USD across the board, all that GBP lost against the USD, the Yen also lost it, so the cross barely moved, trading last at 149.43, just as it was doing yesterday during the Asia-Pacific open.
GBP/JPY jumped though to fresh weekly highs at 150.31 after FOMC, but it soon eased to lows at 148.55, to stabilize last around the 149.39, where it has been since past Monday June 11. According to the FXMarketAlerts Team the 147 level is “shaping to be a key level near term,” with a bearish bias in case it breaks below it, the team said.
Immediate support to the downside for GBP/JPY lies at yesterday's lows 148.28, followed by June 14 lows at 147.39, and June 13 lows at 147.09. To the upside, closest resistance shows at Tuesday's highs 149.71, followed by NY weekly highs at 150.34, and June 13 highs at 150.66.
GBP/JPY jumped though to fresh weekly highs at 150.31 after FOMC, but it soon eased to lows at 148.55, to stabilize last around the 149.39, where it has been since past Monday June 11. According to the FXMarketAlerts Team the 147 level is “shaping to be a key level near term,” with a bearish bias in case it breaks below it, the team said.
Immediate support to the downside for GBP/JPY lies at yesterday's lows 148.28, followed by June 14 lows at 147.39, and June 13 lows at 147.09. To the upside, closest resistance shows at Tuesday's highs 149.71, followed by NY weekly highs at 150.34, and June 13 highs at 150.66.