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16 Jul 2015
GBP/JPY near 194.00, eyes on 2015 highs
FXStreet (Córdoba) - The pound is trading near the same level it had a day ago against the yen, but recently reached a fresh 2-week high. GBP/JPY peaked at 193.91 and currently trades at 193.70/80.
GBP/JPY losses steam but still bullish
The pair is rising for the fifth day in a raw, but on Thursday, gains so far are marginal. Despite losing steam, the trend and momentum remain strongly bullish. GBP/JPY is testing the 194.00 area. Above 194.00 the pair could rise toward 194.80 to close a gap that is open since late Jane.
The positive outlook for the pound against the yen could push GBP/JPY further to the upside, to test 2015 highs that lie at 195.90, below resistance is seen at 195.50 and 194.70/80.
To the downside, the 193.00 handle offered support on Thursday and is becoming an important level to consider. Below, the next key support lies at 191.60/80.
GBP/JPY losses steam but still bullish
The pair is rising for the fifth day in a raw, but on Thursday, gains so far are marginal. Despite losing steam, the trend and momentum remain strongly bullish. GBP/JPY is testing the 194.00 area. Above 194.00 the pair could rise toward 194.80 to close a gap that is open since late Jane.
The positive outlook for the pound against the yen could push GBP/JPY further to the upside, to test 2015 highs that lie at 195.90, below resistance is seen at 195.50 and 194.70/80.
To the downside, the 193.00 handle offered support on Thursday and is becoming an important level to consider. Below, the next key support lies at 191.60/80.