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13 Aug 2013
GBP/JPY RSI above 70 at highs.
FXstreet.com (Barcelona) - GBP/JPY is higher in London and exceeds August’s previous highs.
GBP/JPY eyes 152.00 handle and is currently printing 151.67, fuelled by the CPI data from the UK as cable prints session highs also, 1.5486 and meanwhile, USD/JPY is also bid and currently attempting the break the 98.00 handle. This UK CPI data came in line with expectations mom 2.8% but was slightly lower yoy at 2.0%. Eye’s are on the BoE minutes for tomorrow.
GBP/JPY eyes 154.00
GBP/JPY has broken key resistances and could be heading towards 154.00 (Jul highs) if it can manage a break through the psychological 152.00 handle first. 151.85 and 152.35 come as next technical resistances while RSI (14) reads 74.82, which does suggest that this acceleration may be running its course, and a consolidation here might be the next price action ahead of BoE minutes.
GBP/JPY eyes 152.00 handle and is currently printing 151.67, fuelled by the CPI data from the UK as cable prints session highs also, 1.5486 and meanwhile, USD/JPY is also bid and currently attempting the break the 98.00 handle. This UK CPI data came in line with expectations mom 2.8% but was slightly lower yoy at 2.0%. Eye’s are on the BoE minutes for tomorrow.
GBP/JPY eyes 154.00
GBP/JPY has broken key resistances and could be heading towards 154.00 (Jul highs) if it can manage a break through the psychological 152.00 handle first. 151.85 and 152.35 come as next technical resistances while RSI (14) reads 74.82, which does suggest that this acceleration may be running its course, and a consolidation here might be the next price action ahead of BoE minutes.