Forex: GBP/JPY ends at the highest level in a week

By IBTimes Staff Reporter | November 09 2009 5:29 PM

FXstreet.com (Córdoba) - Cable rose sharply against the Yen on Monday favored by the rally in stocks. GBP/JPY peaked at 151.60 posting a fresh one-week high. The pair then pulled back and found support at 150.20. Currently the pair trades at 150.70/80 and finished the day above 150.00 for the first time since October 29.

Sponsorship Link

On a wider view it is still moving sideway. If GBP/JPY breaks above 153.70 Cable could gain momentum. On the downside the pair has a key support at 146.00/25.

.

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

In Depth

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands: Would You Pay $45 To Be In A Mag You’ve Never Heard Of?

Borrowing To Buy: How Much Do Americans Owe?

Borrowing To Buy: How Much Do Americans Owe?

The West Bank Wall: What Life Is Like For Palestinians And Israelis Divided By The Barrier

Life For Palestinians And Israelis Divided By West Bank Wall

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

web counter