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13 Aug 2013
GBP/JPYGBP/JPY breaks through 150.60 zone
FXstreet.com (Chicago) - GBP/JPY jumped from 149.20 zone to 150.60 zone the past 12 hours within minutes.
The cable has strengthened considerably against the yen as evidenced by price action. At 150.61, the pair has broken off ceiling at 150.45 (July 12th highs) and following resistance at 150.63(August 8th highs). The following resistance is 150.89 (July 30th highs). On the downside, supports are aligned at 150.13 (July 12th highs), 149.86 (July 15th lows) ahead of 149.65 (July 5th lows).
The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis up 0.42% in daily gains so far.
The cable has strengthened considerably against the yen as evidenced by price action. At 150.61, the pair has broken off ceiling at 150.45 (July 12th highs) and following resistance at 150.63(August 8th highs). The following resistance is 150.89 (July 30th highs). On the downside, supports are aligned at 150.13 (July 12th highs), 149.86 (July 15th lows) ahead of 149.65 (July 5th lows).
The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis up 0.42% in daily gains so far.