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26 Jun 2013
GBP/JPY inside the 149.70/151.50 trading range
FXstreet.com (Barcelona) - Even though there's certain Yen weakness going on right now in the Asia-Pacific, GBP/JPY is last trading at 151.16, off session highs at 151.40, because of more weakness in Pound as Cable trades around session lows last at 1.5412.
Flat for the week range bound
The GBP/JPY has managed to bounce for second time already from weekly lows at 149.69 in mid London session, building a trading range 149.70/151.50, the cross has been into most of the week. Nikkei index opens in Tokyo above the 13100 points mark, up +1.38%, helping to current Yen weakness.
Key technical levels
Immediate support to the downside for GBP/JPY lies at Monday's Asia-Pacific low 150.47, followed by Friday's Asian session lows at 150.30, and Friday's/Monday's/yesterday's lows at 149.69. To the upside, closest resistance shows at session/yesterday's highs 151.39/49, followed by Monday's weekly highs at 151.77, and Friday's/Thursday's highs at 151.95.
Flat for the week range bound
The GBP/JPY has managed to bounce for second time already from weekly lows at 149.69 in mid London session, building a trading range 149.70/151.50, the cross has been into most of the week. Nikkei index opens in Tokyo above the 13100 points mark, up +1.38%, helping to current Yen weakness.
Key technical levels
Immediate support to the downside for GBP/JPY lies at Monday's Asia-Pacific low 150.47, followed by Friday's Asian session lows at 150.30, and Friday's/Monday's/yesterday's lows at 149.69. To the upside, closest resistance shows at session/yesterday's highs 151.39/49, followed by Monday's weekly highs at 151.77, and Friday's/Thursday's highs at 151.95.