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.
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.
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