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4 Jun 2014
GBP/JPY testing 172.00
FXStreet (Córdoba) - The Pound is rising for the fourth day in a row against the Yen. Recently the GBP/JPY reached 172.07, the highest price in three weeks but pulled back below 172.00.
At the moment settles at 171.91, near the highs as it continues to test the 172.00 area that is an important short term resistance. The pair is headed toward the highest daily close since May 13 and is pushing above a downtrend line.
A weak Yen supported the recent rise of the GBP/JPY. The Japanese currency is among the worst performers on Wednesday, extending weekly losses across the board.
At the moment settles at 171.91, near the highs as it continues to test the 172.00 area that is an important short term resistance. The pair is headed toward the highest daily close since May 13 and is pushing above a downtrend line.
A weak Yen supported the recent rise of the GBP/JPY. The Japanese currency is among the worst performers on Wednesday, extending weekly losses across the board.