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15 May 2015
GBP/JPY jumps to fresh 2015 highs
FXStreet (Tokyo) - The British Pound is performing its eighth positive day in the last nine against the Japanese Yen as the GBP is advancing after the solid conservative victory in the UK and the weak results of the BoJ's measures.
After climbing 40 pips from 188.20 in the last couple of hours, the GBP/JPY jumped to price at its highest level since December 9 at 188.60. Currently, GBP/JPY is trading at 188.40, up 0.23% on the day, having posted a daily high at 188.63 and low at 187.93.
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/JPY levels
If the pair consolidates gains above 188.60, it will find resistances at 188.80 and 189.00. To the downside, supports are at 188.20, 188.00 and 187.80.
After climbing 40 pips from 188.20 in the last couple of hours, the GBP/JPY jumped to price at its highest level since December 9 at 188.60. Currently, GBP/JPY is trading at 188.40, up 0.23% on the day, having posted a daily high at 188.63 and low at 187.93.
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/JPY levels
If the pair consolidates gains above 188.60, it will find resistances at 188.80 and 189.00. To the downside, supports are at 188.20, 188.00 and 187.80.