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19 Sep 2013
GBP/JPY capped at 160.05
FXstreet.com (London) - Despite a poor set of numbers from the UK’s high street, GBP/JPY is printing a high of 160.05.
GBP/JPY, the cross, as benefited from levels in USD/JPY where USD/JPY has taken out key resistance that now comes as support in 99.40 territory, with the pair currently sitting at 99.55 and looking comfortable. The pair has been capped, while UK retail sales took a hit, coming in lower than expected and lower than the previous as well. Year on year the numbers printed 2.1% vrs consensus 3.3% and against previous 3.0%. Month on month the actual number came in -0.9% This is the first bad number from the UK for some time, so sterling is giving back some of its gains across the board.
GBP/JPY Levels
The 20 DAM is 155.45, the 50 DMA is 153.05 and the 200 DMA is 148.40. RSI (14) reads 72.63. Supports are ascending from 156.65, 157.00, 157.30, 157.80, 158.45, 158.90 and 159.60. Spot is currently 159.70 whole resistances are 160.40, 161.40 and 162.05.
GBP/JPY, the cross, as benefited from levels in USD/JPY where USD/JPY has taken out key resistance that now comes as support in 99.40 territory, with the pair currently sitting at 99.55 and looking comfortable. The pair has been capped, while UK retail sales took a hit, coming in lower than expected and lower than the previous as well. Year on year the numbers printed 2.1% vrs consensus 3.3% and against previous 3.0%. Month on month the actual number came in -0.9% This is the first bad number from the UK for some time, so sterling is giving back some of its gains across the board.
GBP/JPY Levels
The 20 DAM is 155.45, the 50 DMA is 153.05 and the 200 DMA is 148.40. RSI (14) reads 72.63. Supports are ascending from 156.65, 157.00, 157.30, 157.80, 158.45, 158.90 and 159.60. Spot is currently 159.70 whole resistances are 160.40, 161.40 and 162.05.