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Alert - 17:45 (CET) - Sterling advances 0.75% against the Yen
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The GbpJpy is trading at 129.501 Yens per Pound and ranging from 126.74 to 129.98, over yesterday's close at 126.78. In the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The operators are contemplating the supports at 118.88 (2009 low), 115.00 and 110.00. As the price broke the resistance ate 123.79 (January 23rd high) and 126.19 (January 21st high), the traders are watching the nex at 130.00 (key).
Checking the daily graphics, the current price is over 100.00% (128.91) and under the 100.00% (233.12) Fibonacci retracement lines. The average volatility per hour is 320 pips and the 60-minute Relative Strenght Index (RSI) is at 68 points, nearing from the overbought area.
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