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15 Jul 2013
GBP/JPY remains bid
FXstreet.com (London) - GBP/JPY has continued to edge higher since lowing ground post FOMC.
GBP/JPY had suffered in light of the recent dovish outlook from the BoE and a revised rhetoric from FOMC surrounding events in USD/JPY affecting the cross. The pair have gathered back some ground since and continues to drift higher, holding above the 150.00 handle. Japan was closed overnight on Marine day. This week we will see BoJ Monetary Policy Meeting Minutes on Wednesday 17th July and BoE Minutes on 17th July.
GBP/JPY neutral to start the week
GBP/JPY is overall looking neutral at the start of the week in the broader sense. Momentum indicators are in neutral zones while the pair is contained between support at 149.65 and resistance at 150.60. Danske Bank’s Technical Update offers RSI 9 at 43.47 and next support at 148.70, 148.30, 147.45. Next Resistance, 151.05, 151.60 and 152.20.
GBP/JPY had suffered in light of the recent dovish outlook from the BoE and a revised rhetoric from FOMC surrounding events in USD/JPY affecting the cross. The pair have gathered back some ground since and continues to drift higher, holding above the 150.00 handle. Japan was closed overnight on Marine day. This week we will see BoJ Monetary Policy Meeting Minutes on Wednesday 17th July and BoE Minutes on 17th July.
GBP/JPY neutral to start the week
GBP/JPY is overall looking neutral at the start of the week in the broader sense. Momentum indicators are in neutral zones while the pair is contained between support at 149.65 and resistance at 150.60. Danske Bank’s Technical Update offers RSI 9 at 43.47 and next support at 148.70, 148.30, 147.45. Next Resistance, 151.05, 151.60 and 152.20.