Back
2 Aug 2013
GBP/JPY showing momentum
FXstreet.com (Chicago) - GBP/JPY continued climbing on attempt to recover earlier losses incurred by dip.
At closing of Wall Street’s journey, the pound showed signs of strength as it pocketed 0.03% gains within the last hour. Up 0.57%, the sterling had drifted below 150.70 regions.
Trading at 151.32, the pair oscillated between supports at 151.23 (August 1st highs), 151.00 (July 29 highs) and 150.720 (July 26 lows) and resistances set at 151.381 (June 25 highs), 151.55 (July 9 highs), 151.81 (June 20 highs). The FXstreet.com studies reported pair as slightly bullish on one-hour timeframe analysis as price navigated above short and long haul EMAs (5, 20, 50 and 200). To consolidate bullish bias in the market, the CCI and MACD indicators pointed up.
At closing of Wall Street’s journey, the pound showed signs of strength as it pocketed 0.03% gains within the last hour. Up 0.57%, the sterling had drifted below 150.70 regions.
Trading at 151.32, the pair oscillated between supports at 151.23 (August 1st highs), 151.00 (July 29 highs) and 150.720 (July 26 lows) and resistances set at 151.381 (June 25 highs), 151.55 (July 9 highs), 151.81 (June 20 highs). The FXstreet.com studies reported pair as slightly bullish on one-hour timeframe analysis as price navigated above short and long haul EMAs (5, 20, 50 and 200). To consolidate bullish bias in the market, the CCI and MACD indicators pointed up.