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30 Sep 2013
GBP/JPY dumped a big figure, now targeting 158.00 on the bid
FXstreet.com (London) - The Yen has been a big mover and has appreciated about 0.4% on the back of risk aversion.
GBP/JPY has printed a high of 158.52 vs a low of 157.39 and is currently down .51% at 157.73. For the UK, the teams explained, “ Mortgage approvals rose from 60.9K to 62.2K in Aug (mkt 61.5K), building on the 6m upward trend. The govt is expected to bring forward its Help to Buy Scheme, which should support housing activity further in the coming months/quarters”.
GBP/JPY Levels
The 20 DMA is 157.55, the 50 DMA is 154.00 and the 200 DMA is 149.15. RSI (14) reads 37.12. Supports are ascending from 155.55, 156.20, 156.65, and 157.00. Spot is currently 157.73 while resistances are 158.15, 158.70, 159.25, 159.70 and 160.00.
GBP/JPY has printed a high of 158.52 vs a low of 157.39 and is currently down .51% at 157.73. For the UK, the teams explained, “ Mortgage approvals rose from 60.9K to 62.2K in Aug (mkt 61.5K), building on the 6m upward trend. The govt is expected to bring forward its Help to Buy Scheme, which should support housing activity further in the coming months/quarters”.
GBP/JPY Levels
The 20 DMA is 157.55, the 50 DMA is 154.00 and the 200 DMA is 149.15. RSI (14) reads 37.12. Supports are ascending from 155.55, 156.20, 156.65, and 157.00. Spot is currently 157.73 while resistances are 158.15, 158.70, 159.25, 159.70 and 160.00.