by Wed, 14 Jul 2010 06:43:00 +0200
Forex: GBP/JPY rises further, breaks above 135.00
FXstreet.com (Córdoba) - The Pound continues to rally the Japanese Yen for third consecutive session, extending its recovery from Tuesday’s lows around 132.40. During the present Asian session, GBP/USD rose 110 pips to set a fresh 3-week high at 135.72 before retreating.
The price has moved back somewhat and currently GBP/JPY trades at the 135.45 area where it is 0.62% higher since open.
On the upside next resistance levels could be placed at 136.00, 136.40 and 137.40, while on the downside, support levels might be found at 135.25, 134.65 and 134.00.
| Technical Analysis (2010-07-14 04:15 GMT) | |
|---|---|
GBP/JPY 135.39/135.46 - O: 133.605 H: 133.745 L: 133.49 C: 133.61 | |
| Trend | R3: 135.88 |
 | R2: 135.54 |
| R1: 135.20 | |
| S1: 134.43 | |
| S2: 134.77 | |
| S3: 135.11 | |
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