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26 Mar 2013
Forex: GBP/JPY recovers ground as Kuroda speaks
FXstreet.com (Córdoba) - The GBP/JPY dropped sharply on Monday, losing more than a hundred pips. During the American session bottomed at 141.90 but rebounded and trimmed losses ending the day near 143.00.
At the start of the Asian session the GBP/JPY continues its recovery as H. Kuroda, governor of the Bank of Japan speaks in the parliament. The yen is falling at a moderate pace across the board.
Recently the pair hit a fresh daily high at 143.25 but the Pound so far has been unable to hold on top of 143.20. Above 143.20, resistance comes at 143.50 and 143.80. Support levels lie at 142.45 (daily low), 141.85 (Mar 25 low) and 141.50.
At the start of the Asian session the GBP/JPY continues its recovery as H. Kuroda, governor of the Bank of Japan speaks in the parliament. The yen is falling at a moderate pace across the board.
Recently the pair hit a fresh daily high at 143.25 but the Pound so far has been unable to hold on top of 143.20. Above 143.20, resistance comes at 143.50 and 143.80. Support levels lie at 142.45 (daily low), 141.85 (Mar 25 low) and 141.50.