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5 Jul 2013
GBP/JPY plummets after BoE sub-151
FXstreet.com (Barcelona) - The GBP/JPY foreign exchange cross rate is last trading at 150.91 off late London session fresh weekly lows at 1.5027 posted on the back of BoE leaving rates unchanged at 0.5%.
GBP/JPY back to its sideways path
The cross is now flat for the week after printing fresh 3-week highs Wednesday's NY session at 153.03 on combined Pound strength, and Yen weakness, now totally reversed, with extreme Pound weakness, and Yen strength. The cross returns this way to a sideways path it's been following since early June.
GBP/JPY key technical levels
Immediate resistance to the upside for GBP/JPY shows at Tuesday's/Wednesday's lows 151.23, followed by Monday's highs at 152.09, and Tuesday's highs at 152.73. To the downside, closest support lies at recent fresh weekly lows at 150.26, followed by June 24 lows at 149.70, and June 26 lows at 149.20.
GBP/JPY back to its sideways path
The cross is now flat for the week after printing fresh 3-week highs Wednesday's NY session at 153.03 on combined Pound strength, and Yen weakness, now totally reversed, with extreme Pound weakness, and Yen strength. The cross returns this way to a sideways path it's been following since early June.
GBP/JPY key technical levels
Immediate resistance to the upside for GBP/JPY shows at Tuesday's/Wednesday's lows 151.23, followed by Monday's highs at 152.09, and Tuesday's highs at 152.73. To the downside, closest support lies at recent fresh weekly lows at 150.26, followed by June 24 lows at 149.70, and June 26 lows at 149.20.