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26 May 2014
GBP/JPY steady above 171.50
FXStreet (Córdoba) - The GBP/JPY is unchanged from Friday’s closing price as it trades at 171.70 and continues to trade in a range with resistance at 171.80 and support above 171.40.
At the beginning of Monday the GBP/JPY dropped to 171.45 and then bounced, reaching a daily high at 171.79, the highest price since last Thursday.
GBP/JPY levels to consider
To the downside immediate support lies at 171.45 (daily low) and below here at 171.20 (May 22 low) followed by 171.00. Upside price trades near a key resistance located around 171.85, that capped the upside in the last three trading days, the next level to consider is the 172.00 area and then 172.30.
At the beginning of Monday the GBP/JPY dropped to 171.45 and then bounced, reaching a daily high at 171.79, the highest price since last Thursday.
GBP/JPY levels to consider
To the downside immediate support lies at 171.45 (daily low) and below here at 171.20 (May 22 low) followed by 171.00. Upside price trades near a key resistance located around 171.85, that capped the upside in the last three trading days, the next level to consider is the 172.00 area and then 172.30.