15 Jun 2015
GBP/JPY hits fresh 6-year high
FXStreet (Córdoba) - The pound gained momentum against the yen and climbed further hitting the strongest level in almost seven years. GBP/JPY rose a hundred pips during the last three hours and peaked at 192.31, level located slightly above last week highs.
While USD/JPY remains steady around 123.40/50, GBP/USD gained momentum, eared losses and now is trading above 1.5570, approaching to last week highs as the US dollar retreats across the board.
GBP/JPY technical levels
During the European session the pair weakened and turned to the downside but the decline was capped by the 191.40 support area. From there it bounced to the upside and gained momentum after breaking 192.05 (now immediate support). If it keeps rising, potential resistance levels could be located at 192.50, 193.10 and 193.50.
While USD/JPY remains steady around 123.40/50, GBP/USD gained momentum, eared losses and now is trading above 1.5570, approaching to last week highs as the US dollar retreats across the board.
GBP/JPY technical levels
During the European session the pair weakened and turned to the downside but the decline was capped by the 191.40 support area. From there it bounced to the upside and gained momentum after breaking 192.05 (now immediate support). If it keeps rising, potential resistance levels could be located at 192.50, 193.10 and 193.50.