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5 Aug 2013
GBP/JPY is holding 151.00 handle
FXstreet.com (London) - GBP/JPY is steady on the 151.00 handle after falling over a big figure overnight.
GBP/JPY had a good run from Thursday, climbing from below 148.40 and reaching above 151.50. Today is light on the calendar with only UK Markit Services PMI (Jul) for Sterling that came in at 60.2 vs 57.2 consensus. In the afternoon we will see ISM Non-Manufacturing PMI (Jul) for the US which will affect trading in USD/JPY and consensus there is for a slight improvement to 53.0.
GBP/JPY levels
GBP/JPY is currently sidelined with 20 d ma is 151.20, 50 d ma is 151.20 and 200 dma is 144.50. The RSI (9) reads 51.02 while supports are ascending from 148.25, 149.10, 149.50, 150.10. Spot is currently 151.30. Resistance levels are coming in at 151.65 151.85 152.35 152.90.
GBP/JPY had a good run from Thursday, climbing from below 148.40 and reaching above 151.50. Today is light on the calendar with only UK Markit Services PMI (Jul) for Sterling that came in at 60.2 vs 57.2 consensus. In the afternoon we will see ISM Non-Manufacturing PMI (Jul) for the US which will affect trading in USD/JPY and consensus there is for a slight improvement to 53.0.
GBP/JPY levels
GBP/JPY is currently sidelined with 20 d ma is 151.20, 50 d ma is 151.20 and 200 dma is 144.50. The RSI (9) reads 51.02 while supports are ascending from 148.25, 149.10, 149.50, 150.10. Spot is currently 151.30. Resistance levels are coming in at 151.65 151.85 152.35 152.90.