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5 Aug 2013
GBP/JPY holding position
FXstreet.com (Chicago) - GBP/JPY maintained range to trade at 151.22 after minimal loss.
The pound held its position after climbing from 148.40 regions. Earlier in the UK, the Chartered Institute of Purchasing & Supply released its Markit Services PMI for July. At 60.2, it was a beat as expectations were 57.2 vs. previous 56.9. Later on Monday, the British Retail Consortium is to publish its retail sales monitor to measure the industry.
GBP/JPY technical levels
Technically speaking, the price has stalled throughout the session pocketing 0.05% losses and oscillating between supports at 150.74 ahead of 150.36 and 149.99 and resistances at 152.12, 152.50 and 152.88. According to the FXstreet trend index for one-hour timeframe analysis, the pair is slightly bullish as price is above moving averages for 20 and 200 days. Moreover, the MACD indicator points up.
The pound held its position after climbing from 148.40 regions. Earlier in the UK, the Chartered Institute of Purchasing & Supply released its Markit Services PMI for July. At 60.2, it was a beat as expectations were 57.2 vs. previous 56.9. Later on Monday, the British Retail Consortium is to publish its retail sales monitor to measure the industry.
GBP/JPY technical levels
Technically speaking, the price has stalled throughout the session pocketing 0.05% losses and oscillating between supports at 150.74 ahead of 150.36 and 149.99 and resistances at 152.12, 152.50 and 152.88. According to the FXstreet trend index for one-hour timeframe analysis, the pair is slightly bullish as price is above moving averages for 20 and 200 days. Moreover, the MACD indicator points up.