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14 Aug 2013
GBP/JPY through 152.00 handle
FXstreet.com (Barcelona) - GBP/JPY spiked through the 152.00 handle on the release of bullish UK data.
GBP/JPY has made a high of 152.39 in London from overnight lows 151.20. Markets are trading the news around the 7% threshold that Carney sighted as of significance with regards to the the MPC’s interest rate policy. The Claimant Count Change for July came in much better than expected at -29.2K vs -15k consensus. The unemployment rate arrived inline with expectations at 7.8% and at the same time, the vote from the MPC to leave rates was unanimous, confirming Carney has all his members backing him.
GBP/JPY eyes 154.00
GBP/JPY has broken more key resistances and could be heading towards 154.00 (Jul highs) if it can manage a close in this psychological 152.00 handle. The RSI (14) reads 53 and thus offers more potential for the upside to continue while stability above 150.40 continues to be positive.
GBP/JPY has made a high of 152.39 in London from overnight lows 151.20. Markets are trading the news around the 7% threshold that Carney sighted as of significance with regards to the the MPC’s interest rate policy. The Claimant Count Change for July came in much better than expected at -29.2K vs -15k consensus. The unemployment rate arrived inline with expectations at 7.8% and at the same time, the vote from the MPC to leave rates was unanimous, confirming Carney has all his members backing him.
GBP/JPY eyes 154.00
GBP/JPY has broken more key resistances and could be heading towards 154.00 (Jul highs) if it can manage a close in this psychological 152.00 handle. The RSI (14) reads 53 and thus offers more potential for the upside to continue while stability above 150.40 continues to be positive.