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24 Apr 2013
Forex: GBP/JPY trading positively at 151.76/83
FXstreet.com (Barcelona) - The GBP/JPY has traded unevenly Wednesday, having pivoted back and forth across European trading, whilst generally resuming an upward trend overall. Following the release of economic data in the United Kingdom, the cross has remained positive, operating at 151.76/83.
In the United Kingdom, BBA Mortgage Approvals came in at 31.2K in March, matching consensus expectations of 31.2K.
Mataf.net analysts point to resistances at 152.48, onto 153.29, and finally 154.55. On the decline, a break below 150.41 will enable short-term supports at 149.15, and eventually 149.34.
According to the Technical Analyst Team at ICN.com, “After dipping sharply yesterday, the GBP/JPY rebounded to settle back above the broken ascending support, and approaching 152.40 resistance level – trading back above the trend line ultimately threatens the bearish chances.
In the United Kingdom, BBA Mortgage Approvals came in at 31.2K in March, matching consensus expectations of 31.2K.
Mataf.net analysts point to resistances at 152.48, onto 153.29, and finally 154.55. On the decline, a break below 150.41 will enable short-term supports at 149.15, and eventually 149.34.
According to the Technical Analyst Team at ICN.com, “After dipping sharply yesterday, the GBP/JPY rebounded to settle back above the broken ascending support, and approaching 152.40 resistance level – trading back above the trend line ultimately threatens the bearish chances.