24 Apr 2014
GBP/JPY unable to regain 172.00
FXStreet (Córdoba) - The ">GBP/JPY is about to finish Thursday slightly lower after being unable to regain the 172.00 level. Price moved trendless during all day and peaked at 172.19 before Wall Street opening and then bounced to the downside, to reached a daily low at 171.45.
Thursday's trading range remained within lows and highs of Wednesday, and current price at 171.89, is less than 10 pips below where it closed last Friday.
GBP/JPY levels to watch in the short term
To the upside, immediate resistance lies between 172.00 and 172.20; above the next one comes at 172.45 and then weekly highs around 172.80. To the downside, immediate support lies between 171.35 (April 23 lows) and 171.45 (April 24 low), followed by 170.90 and 170.50 (April 14 high).
Thursday's trading range remained within lows and highs of Wednesday, and current price at 171.89, is less than 10 pips below where it closed last Friday.
GBP/JPY levels to watch in the short term
To the upside, immediate resistance lies between 172.00 and 172.20; above the next one comes at 172.45 and then weekly highs around 172.80. To the downside, immediate support lies between 171.35 (April 23 lows) and 171.45 (April 24 low), followed by 170.90 and 170.50 (April 14 high).