Back
28 Nov 2013
GBP/JPY, +170 pips above 167
FXstreet.com (Chicago) - GBP/JPY is 0.42% stronger so far today preparing to close a remarkable week that accumulates over 170 pips so far for a 5-year highs rally.
GBP/JPY Technical Levels
Price action reveals the pair is offered at 167.04, still far from the 167.34 session highs, 5-year peaks also, but firm on rally and weekly advancements. Up 0.42% so far today, the pair positions itself as the major gainer among currency pairs to accumulate over 170 pips gained this week. Technically speaking, the pair is offered at 167.07 and oscillates between the supports aligned at 165.40 (November 24th highs), 163.49 (November 22nd lows) ahead of 161.65 (November 15th highs) and the resistances set at 167.93 (June 2001 lows), 169.48 (July 2001 lows) followed by 171.23 (March 2001 lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.
GBP/JPY Technical Levels
Price action reveals the pair is offered at 167.04, still far from the 167.34 session highs, 5-year peaks also, but firm on rally and weekly advancements. Up 0.42% so far today, the pair positions itself as the major gainer among currency pairs to accumulate over 170 pips gained this week. Technically speaking, the pair is offered at 167.07 and oscillates between the supports aligned at 165.40 (November 24th highs), 163.49 (November 22nd lows) ahead of 161.65 (November 15th highs) and the resistances set at 167.93 (June 2001 lows), 169.48 (July 2001 lows) followed by 171.23 (March 2001 lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.