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11 Sep 2013
GBP/JPY still up near the highs and eyeing 158.46 after convincing breakout
FXstreet.com (Barcelona) - The GBP/JPY is maintaining the gains from recent sessions as Obama’s speech did not do anything to alter the “risk on” vibe of the global markets.
GBP/JPY to move on British employment data and U.S. / Syria developments
Wednesday, GBP/JPY traders will get important British employment data and a speech from a member of Britain’s Monetary Policy Committee to help guide near term decisions. That plus the effects of Syria / US developments will keep GBP/JPY traders on their toes.
Technical outlook for GBP/JPY
Technicians see the GBP/JPY testing 158.46 Fibonacci resistance and possibly moving up to the next Fibonacci line at 160.10. Support comes into play at around 156 and 154. The technicians say the play in GBP/JPY is to be buying dips to support.
GBP/JPY to move on British employment data and U.S. / Syria developments
Wednesday, GBP/JPY traders will get important British employment data and a speech from a member of Britain’s Monetary Policy Committee to help guide near term decisions. That plus the effects of Syria / US developments will keep GBP/JPY traders on their toes.
Technical outlook for GBP/JPY
Technicians see the GBP/JPY testing 158.46 Fibonacci resistance and possibly moving up to the next Fibonacci line at 160.10. Support comes into play at around 156 and 154. The technicians say the play in GBP/JPY is to be buying dips to support.