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10 Sep 2013
GBP/USD jumps above 157.80 to reach 4-year highs at 157.90
FXstreet.com (San Francisco) - After jumping around 175 pips from 156.15 in the European session, the GBP/JPY has broken above the May 11 maximum at 157.80 to reach fresh highest level since August 2009 at 157.90.
Currently, the GBP/JPY is trading at 157.80, 1.0% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com Trend Index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
GBP/JPY levels
The Sterling would face resistances against the Japan Yen at 158.50, 159.00 and the 160.00 key level. On the downside, supports are at 157.50, 156.55 and 156.20.
Currently, the GBP/JPY is trading at 157.80, 1.0% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com Trend Index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
GBP/JPY levels
The Sterling would face resistances against the Japan Yen at 158.50, 159.00 and the 160.00 key level. On the downside, supports are at 157.50, 156.55 and 156.20.