19 Jul 2013
GBP/JPY running away from 152.175 low after disappointing Japanese data
FXstreet.com (Barcelona) -
With no more Japanese data due out, Nikkei should drive things until British data later on Friday
After a sharp move lower and the subsequent rebound after the Japanese news release, the GBP/JPY may be at the whim of the suddenly volatile Nikkei equity index until the British Public Sector Net Borrowing numbers which are due out at 8:30 GMT.
GBP/JPY key technical levels
Short-term support for GBP/JPY comes in at the session low of 152.237, followed by Fibonacci projections at 151.874 and 151.687. Short-term resistance for GBP/JPY comes in at the bounce high from 4:25 GMT at 152.552, followed by the 7/18 high at 153.361 and the 6/10 peak at 154.211.
With no more Japanese data due out, Nikkei should drive things until British data later on Friday
After a sharp move lower and the subsequent rebound after the Japanese news release, the GBP/JPY may be at the whim of the suddenly volatile Nikkei equity index until the British Public Sector Net Borrowing numbers which are due out at 8:30 GMT.
GBP/JPY key technical levels
Short-term support for GBP/JPY comes in at the session low of 152.237, followed by Fibonacci projections at 151.874 and 151.687. Short-term resistance for GBP/JPY comes in at the bounce high from 4:25 GMT at 152.552, followed by the 7/18 high at 153.361 and the 6/10 peak at 154.211.