-
GBP/JPY Pushes to 4-Year High; 163 in Sight
Bullish continuation: GBP/JPY has remained bullish after a few months of consolidation. It held above the 200-day SMA and is now pushing above the 156.78 April high, making a new high on the year. It might be a bit overbought in the near-term, but this rally opens up further upside risk. 4-year high: The GBP/JPY is the highest its been since August 2009. 2009-high: The weekly chart shows that the next key resistance for GBP/JPY is now at 163.08, the 2009-high. In the short-term, we might consider buying dips until near 163. At this point, a break below 154 will be needed to neutralize the bullish outlook...
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 10, 2013 10:45am Sep 10, 2013 10:45am
- Guest
- | IP XXX.XXX.1.206
- Comment #2
- Quote
- Sep 10, 2013 10:53am Sep 10, 2013 10:53am
- StripedCat
- | Joined Mar 2012 | Status: Member | 32 Comments
- Comment #3
- Quote
- Sep 10, 2013 10:59am Sep 10, 2013 10:59am
- Guest
- | IP XXX.XX.54.86
- Comment #4
- Quote
- Sep 10, 2013 11:49am Sep 10, 2013 11:49am
- Alorente
- Joined Aug 2011 | Status: Member | 22 Comments | Online Now
Observation is the path to discovery.
- Comment #5
- Quote
- Sep 10, 2013 11:54am Sep 10, 2013 11:54am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #6
- Quote
- Sep 10, 2013 12:16pm Sep 10, 2013 12:16pm
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #7
- Quote
- Sep 10, 2013 4:06pm Sep 10, 2013 4:06pm
- Alorente
- Joined Aug 2011 | Status: Member | 22 Comments | Online Now
Observation is the path to discovery.
- Comment #8
- Quote
- Sep 10, 2013 11:52pm Sep 10, 2013 11:52pm
- justagoer
- | Joined Nov 2012 | Status: Junior Member | 4 Comments
- Comment #9
- Quote
- Sep 15, 2013 5:37am Sep 15, 2013 5:37am
- Guest
- | IP XX.XX.192.233
- Comment #10
- Quote
- Sep 15, 2013 5:46am Sep 15, 2013 5:46am
- Guest
- | IP XX.X.210.181
- Comment #11
- Quote
- Sep 16, 2013 1:44am Sep 16, 2013 1:44am
- Guest
- | IP XX.XX.238.22