GBP/JPY Daily forex post August 12, 2014
GBP/JPY Technical view
Open | High | Low | Close | Change |
171.23 | 171.61 | 171.16 | 171.50 | 0.41 |
Resistance | |
Support | |
R3 | 173.50 |
R2 | 172.00 |
R1 | 171.80 |
S1 | 171.30 |
S2 | 171.00 |
S3 | 169.70 |
Sterling settled with gains versus the yen, holding above key supports at 171.00 yen. If the pair manages to end the day's session above 171.30, we could see a near term rally to 173.00- 173.50. However, a close below the supports and the declines should extend to the May lows of 169.50- 169.70
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