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15 Aug 2013
GBP/JPY bid towards 153.00 handle
FXstreet.com (Barcelona) - GBP/JPY has spiked from 151.80 through to 152.64 the high on the back of positive UK Retails Sales data.
GBP/JPY had been sliding back from Wednesday’s highs with USD/JPY taking a hit. Meanwhile, the pair is now 0.23% up as UK Retail Sales improved and beat expectations. 1.1% came in MoM vs a lower consensus of 0.6% and previous 0.2%. The YoY was equally impressive at 3.0% vs 2.5% consensus and beating previous 2.2%. The pair is easing back 152.40 currently 20 mins post data.
GBP/JPY eyes 154.00
GBP/JPY has broken more key resistances and could be heading towards 154.00 (Jul highs) if it can manage a close in this psychological 152.00 handle. The RSI (14) reads 55 and thus offers more potential for the upside to continue while stability above 150.40 continues to be positive.
GBP/JPY had been sliding back from Wednesday’s highs with USD/JPY taking a hit. Meanwhile, the pair is now 0.23% up as UK Retail Sales improved and beat expectations. 1.1% came in MoM vs a lower consensus of 0.6% and previous 0.2%. The YoY was equally impressive at 3.0% vs 2.5% consensus and beating previous 2.2%. The pair is easing back 152.40 currently 20 mins post data.
GBP/JPY eyes 154.00
GBP/JPY has broken more key resistances and could be heading towards 154.00 (Jul highs) if it can manage a close in this psychological 152.00 handle. The RSI (14) reads 55 and thus offers more potential for the upside to continue while stability above 150.40 continues to be positive.