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12 Jul 2013
GBP/JPY trading near 150.00 level
FXstreet.com (New York) - The GBP/JPY technical cross has wavered Friday, unable to settle in a prolonged linear path, instead opting to sway back and forth around the 150.00 barrier during US trading.
GBP/JPY strategic bias
In these moments, the GBP/JPY has returned to the 150.10 level (20-day SMA), incurring losses of -0.09% Friday, though operating well above its lows (149.43). The next short-term measures of support will trigger at 149.89 (July 12 low), ahead of 148.50.
According to the Technical Analyst Team at ICN.com, “The GBP/JPY technical pair is stuck between 149.65 and 150.45, thus making us maintain our neutral stance as far as one of these levels are breached thus, offer us better signs for a specific direction.”
GBP/JPY strategic bias
In these moments, the GBP/JPY has returned to the 150.10 level (20-day SMA), incurring losses of -0.09% Friday, though operating well above its lows (149.43). The next short-term measures of support will trigger at 149.89 (July 12 low), ahead of 148.50.
According to the Technical Analyst Team at ICN.com, “The GBP/JPY technical pair is stuck between 149.65 and 150.45, thus making us maintain our neutral stance as far as one of these levels are breached thus, offer us better signs for a specific direction.”