GBP/JPY Daily forex post August 6, 2014
GBP/JPY Technical view
Open | High | Low | Close | Change |
172.94 | 173.49 | 172.73 | 173.15 | 0.25 |
Resistance | |
Support | |
R3 | 174.00 |
R2 | 173.60 |
R1 | 173.30 |
S1 | 172.70 |
S2 | 172.30 |
S3 | 171.00 |
Sterling inched higher after a volatile session, versus the yen on Tuesday., which saw the pair oscillate between key trendline supports at 172.70 and resistances at 173.60 yen. The trend for now remains bullish, with key supports at 172.30- 172.70, where the downside is likely to be capped. However, if the pair settles below the supports, we could see a sharp decline to 171.00- 171.25
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