6 Nov 2013
GBP/JPY retraces from 158.23 session highs
FXstreet.com (Chicago) - GBP/JPY finds strong bearish pressure around the 158.20 zone (triple peaks in the past week). So far, the pair accumulates 0.64% daily gains for a +133 pips performance this month.
GBP/JPY Technical Levels
Technically speaking, the pair is offered at 158.14 and consolidates a rally targeting a breakthrough above the 158.20 zone. On the downside, supports are aligned at 158 (October 16th highs), 157.62 (October 29th highs) ahead of 157.15 (October 16th lows) while the upside prints resistances set at 158.34 (October 22nd lows), 158.75 (October 18th highs) followed by 159.35 (October 22nd highs).
GBP/JPY Technical Levels
Technically speaking, the pair is offered at 158.14 and consolidates a rally targeting a breakthrough above the 158.20 zone. On the downside, supports are aligned at 158 (October 16th highs), 157.62 (October 29th highs) ahead of 157.15 (October 16th lows) while the upside prints resistances set at 158.34 (October 22nd lows), 158.75 (October 18th highs) followed by 159.35 (October 22nd highs).