USDJPY moving higher. Kick up the GBPJPY higher

USDJPY is moving higher, breaking above the 90.00 level and trendline resistance This has helped the GBPJPY higher to the 130.50 high - above the 129.32 resistance area. A close above these levels will be positive for the USDJPY and the GBPJPY.

GBP/JPY comes down to test support and bounces

The GBPJPY came back down to test support at the 129.32 level (reached a low of 129.44) and has bounced back higher. This is a positive development as the weekend approaches and should attract additional buying against the support level.