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16 Aug 2013
GBP/JPY holds on 152.00 front; aiming for 152.20 consolidation
FXstreet.com (Chicago) - GBP/JPY remains trading within 152.10 zone prior to the start of Friday’s trading journey in Japan.
The pound has strengthened considerably across the board throughout the day, balancing off the USD sell off and embracing bullish sentiment towards the pound on positive retail sales data.
Technically speaking, the pair trades at 152.17 between supports at 152.00 (July 16th highs), 151.76 (June 21st highs) ahead of 151.55 (July 8th highs) and resistances at 152.33 (July 22nd lows), 152.65 (July 31st highs) followed by 152.96 (July 28th highs). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.
The pound has strengthened considerably across the board throughout the day, balancing off the USD sell off and embracing bullish sentiment towards the pound on positive retail sales data.
Technically speaking, the pair trades at 152.17 between supports at 152.00 (July 16th highs), 151.76 (June 21st highs) ahead of 151.55 (July 8th highs) and resistances at 152.33 (July 22nd lows), 152.65 (July 31st highs) followed by 152.96 (July 28th highs). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.