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13 May 2015
GBP/JPY might move higher towards 189.60 – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team uses daily charts to give the technical outlook and key levels for GBP/JPY.
Key Quotes
“After the GBP was able to appreciate versus the JPY in the beginning of September 2014, the currency pair returned to its low which it already has reached in spring. At this level the bulls took control over the pair and we saw a sharp appreciation of the GBP versus the JPY.”
“At the moment however, the pair is traded between the resistance of 189.60 and the fisrt support of 181.67 and according the indicators we may even see a further appreciation of the GBP up to the first resistance line.”
“Support Levels around 181.67, 176.76, 170.71”
“Resistance Levels around 189.60”
Key Quotes
“After the GBP was able to appreciate versus the JPY in the beginning of September 2014, the currency pair returned to its low which it already has reached in spring. At this level the bulls took control over the pair and we saw a sharp appreciation of the GBP versus the JPY.”
“At the moment however, the pair is traded between the resistance of 189.60 and the fisrt support of 181.67 and according the indicators we may even see a further appreciation of the GBP up to the first resistance line.”
“Support Levels around 181.67, 176.76, 170.71”
“Resistance Levels around 189.60”