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GBP/JPY: Pausing

By: MIG Bank | Wednesday, March 13, 2013

GBP/JPY is pausing close to its resistance at 144.73 (08/03/2013 high). Hourly supports are given by the rising trendline and 141.51 (06/03/2013 high). Another resistance is at 145.90 (18/02/2013 high).

GBP/JPY has broken its strong resistance at 140.03 (08/04/2011 high). Further long-term strength towards the key resistance at 163.09 (07/08/2009) is still likely as long as the key support at 139.27 (23/01/2013 low) holds (on a weekly close basis).

Daily Technical Report


Author: MIG Bank

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