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27 Jun 2013
GBP/JPY unable to summit 150.00 region
FXstreet.com (New York) - The GBP/JPY technical cross has made an unsuccessful attempt at the 150.00 level (149.93 overnight high), unable to break out of a narrow consolidation.
Later today at 23:50 GMT, the Japanese economy is slated to release its Foreign bond investment and Foreign investment in Japanese stocks. Outside of these figures the data wires are looking rather thin during Asian trading.
GBP/JPY bullish bounce could initiate so long as 150.00 holds
According to the Technical Analyst Team at ICN.com, “The GBP/JPY pushed lower during the US session, having retested the minor ascending support for the latest bullish wave, in addition to the descending support of the consolidation ongoing consolidation. A potential bullish bounce looks likely from this support area, and so long as the 150.00 level is intact.”
GBP/JPY marginal gains abound
At the time of writing, the GBP/JPY technical pair has now settled at 149.78 Thursday, securing a marginal advance of +0.05%. Briefing the technical levels, Mataf.net analysts calculate a further advance will encounter resistances at 151.90, onto 152.56, and eventually 153.68.
Later today at 23:50 GMT, the Japanese economy is slated to release its Foreign bond investment and Foreign investment in Japanese stocks. Outside of these figures the data wires are looking rather thin during Asian trading.
GBP/JPY bullish bounce could initiate so long as 150.00 holds
According to the Technical Analyst Team at ICN.com, “The GBP/JPY pushed lower during the US session, having retested the minor ascending support for the latest bullish wave, in addition to the descending support of the consolidation ongoing consolidation. A potential bullish bounce looks likely from this support area, and so long as the 150.00 level is intact.”
GBP/JPY marginal gains abound
At the time of writing, the GBP/JPY technical pair has now settled at 149.78 Thursday, securing a marginal advance of +0.05%. Briefing the technical levels, Mataf.net analysts calculate a further advance will encounter resistances at 151.90, onto 152.56, and eventually 153.68.