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30 Jul 2014
GBP/JPY revived on the 173 handle
FXStreet (Guatemala) - GBP/JPY is trading at 173.02, up 0.00% on the day, having posted a daily high at 173.07 and low at 172.96.
GBP/JPY back onto the 173 handle and oscillates here ahead of the Industrial Production numbers from Japan in an otherwise quiet market. The latest for the pound is that the IMF says GBP is ‘overvalued’ and the BoE may need to raise rates simply to cool housing. Meanwhile, RSI is in neutral territory at 50.48, down from it’s last hourly close at 52.81, while ADX is ranging above 30 at 13.14, up from 11.00 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 46.38. The 200 SMA is currently at 172.96, down from 173.04 at the last period close, and declining on the hourly GBP/JPY chart.
GBP/JPY hourly levels
Spot is presently trading at 173.03, and next resistance can be seen at 173.04 (Hourly 200 SMA), 173.15 (Daily Classic R1) and 173.23 (Yesterday's High). Next support to the downside can be found at 173.00 (Hourly 20 EMA).
GBP/JPY back onto the 173 handle and oscillates here ahead of the Industrial Production numbers from Japan in an otherwise quiet market. The latest for the pound is that the IMF says GBP is ‘overvalued’ and the BoE may need to raise rates simply to cool housing. Meanwhile, RSI is in neutral territory at 50.48, down from it’s last hourly close at 52.81, while ADX is ranging above 30 at 13.14, up from 11.00 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 46.38. The 200 SMA is currently at 172.96, down from 173.04 at the last period close, and declining on the hourly GBP/JPY chart.
GBP/JPY hourly levels
Spot is presently trading at 173.03, and next resistance can be seen at 173.04 (Hourly 200 SMA), 173.15 (Daily Classic R1) and 173.23 (Yesterday's High). Next support to the downside can be found at 173.00 (Hourly 20 EMA).