Forex: GBP/JPY jumps to 6-month highs
FXstreet.com (San Francisco) - The Sterling is trading higher today against the Yen joining the overall Japanese currency weak note. After rising around 115 pips since today's bottom at 129.00 (reached in the Asian session), the pair has broken up the 129.50 resistance and traded above the 130.00 level to price at 130.15, highest level in six months.
The GBPUSD is extending today its bullish wave from 125.65, November 14 low and after advancing more than 450 pips in a week, the pair has reached today the 130.15, highest level since May 5th.
Currently the pair is trading at 130.10, 0.50% above today's opening price action. According to the FXstreet.com Forex Studies, Stochastics and Williams %R points negative while MACD, CCI, Momentum and ROC signals positive in the 15-minute chart.
The GBPUSD is extending today its bullish wave from 125.65, November 14 low and after advancing more than 450 pips in a week, the pair has reached today the 130.15, highest level since May 5th.
Currently the pair is trading at 130.10, 0.50% above today's opening price action. According to the FXstreet.com Forex Studies, Stochastics and Williams %R points negative while MACD, CCI, Momentum and ROC signals positive in the 15-minute chart.
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