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18 Dec 2013
GBP/JPY, +100 pips for weekly records at 168.83
FXstreet.com (Chicago) - GBP/JPY prints new records shortly after the release of mixed US data indicating the safe-haven currency loses momentum on potential unchanged decision by the Fed.
GBP/JPY Technical Levels
Price action reveals the pair reaches weekly highs at 168.83 recording over 100 pips gained so far today registering a stellar performance that tops all major currencies. Offered at 168.63, the pair prints higher highs and lows and navigates between the supports aligned at 168.41 (December 16th highs), 167.34 (December 16th lows) ahead of 166.53 (December 17th lows) and the resistances set at 168.88 (December 8th highs), 169.35 (December 10th highs) followed by 169.77 (December 12th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and oscillates above the EMA20.
GBP/JPY Technical Levels
Price action reveals the pair reaches weekly highs at 168.83 recording over 100 pips gained so far today registering a stellar performance that tops all major currencies. Offered at 168.63, the pair prints higher highs and lows and navigates between the supports aligned at 168.41 (December 16th highs), 167.34 (December 16th lows) ahead of 166.53 (December 17th lows) and the resistances set at 168.88 (December 8th highs), 169.35 (December 10th highs) followed by 169.77 (December 12th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and oscillates above the EMA20.