FXstreet.com (Barcelona) - The Sterling is soaring today's session across the board and the GBP/JPY is not an exception, the Pound has risen 1.60% so far today against the Yen from 143.10 opening price to the current 145.30 in a 180 pips up movement. Pair has reached 145.50 as fresh highest level since September 24.
Rajoo C, analyst at Precise Trader, comments: GBP is Strong and JPY is Flat , so GBP is dragging the GBPJPY higher . The Price on the Hourly is in a Range trading and expect a choppy session until the breakout, the price should not trade below 14260-35 to maintain the bullish outlook . On the 5 min is also Choppy with the bulls gaining strength during Asian session. The Bulls pay attention to 14280-14200 levels while the Bears pay attention to 14450. Conservative Traders: Be SIDELINED or strictly trade only at Precise Traders Report levels. Aggressive Traders : Be SIDELINED or LONG near 14285-35 with a tight stop and 50 pips price target.