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4 Oct 2013
GBP/JPY settled 145 pips below the pivot
FXstreet.com (London) - GBP/JPY is side lined ahead of the weeks close and over a big figure below the pivot.
Sterling has been a poor performer at the end of this week, down on two sessions and squeezed ahead of the weekend. Meanwhile, with the BoJ unchanged, research teams at BBH said, “The yen is the second strongest currency on the day and week, gaining 0.1% and about 1.1% respectively. The Nikkei, though lost nearly 1% today, bringing this week's decline to 5%, the largest decline in two months and among the poorest weekly performances of the year. The BOJ concluded its two-day meeting and left its economic assessment and stance unchanged”.
GBP/JPY Levels
The 20 DMA is 158.05, the 50 DMA is 154.45 and the 200 DMA is 149.55. RSI (14) reads 33.18. Supports are ascending from 155.20 and 155.55. Spot is currently 156.10 while resistances are 156.20,156.65, 157.25, 157.85 and 158.95.
Sterling has been a poor performer at the end of this week, down on two sessions and squeezed ahead of the weekend. Meanwhile, with the BoJ unchanged, research teams at BBH said, “The yen is the second strongest currency on the day and week, gaining 0.1% and about 1.1% respectively. The Nikkei, though lost nearly 1% today, bringing this week's decline to 5%, the largest decline in two months and among the poorest weekly performances of the year. The BOJ concluded its two-day meeting and left its economic assessment and stance unchanged”.
GBP/JPY Levels
The 20 DMA is 158.05, the 50 DMA is 154.45 and the 200 DMA is 149.55. RSI (14) reads 33.18. Supports are ascending from 155.20 and 155.55. Spot is currently 156.10 while resistances are 156.20,156.65, 157.25, 157.85 and 158.95.