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2 May 2013
Forex: GBP/JPY virtually unchanged at 151.30/33 following PMI in UK
FXstreet.com (Barcelona) - The GBP/USD has traded unevenly, albeit devoid of any broad strokes Thursday during European trading. With the movement earlier into negative territory, an already lackluster day for the pair has remained low after the release of upbeat UK data. At the time of writing the cross is trading at 151.30/33.
Mataf.net analysts point to supportive means for the GBP/JPY at 150.70, ahead of 150.09, and ultimately 149.32. On the ascension, a break above 152.10 will trigger resistance at 152.87 and 153.49.
According to the Technical Analyst Team “The GBP/JPY is trading within a tight range for the past couple of days, currently retesting the 151.00 support level – a break and stability below 151.00 and consequently 149.95 is needed to signal a potential downside reversal.”
In the United Kingdom, PMI Construction in April came in at 49.4, against a consensus of 48.0, and compared with a figure of 47.2 previously.
Mataf.net analysts point to supportive means for the GBP/JPY at 150.70, ahead of 150.09, and ultimately 149.32. On the ascension, a break above 152.10 will trigger resistance at 152.87 and 153.49.
According to the Technical Analyst Team “The GBP/JPY is trading within a tight range for the past couple of days, currently retesting the 151.00 support level – a break and stability below 151.00 and consequently 149.95 is needed to signal a potential downside reversal.”
In the United Kingdom, PMI Construction in April came in at 49.4, against a consensus of 48.0, and compared with a figure of 47.2 previously.