FXstreet.com (Córdoba) - Cable continues its recovery against the Yen. GBP/JPY rose to 149.30 posting the highest price since September 23. Currently the pair is back below 149.00 but is still up for the day, 1.09% above today's opening price. The Sterling is rising for the fourth consecutive day against the Yen, recovering from a 5-month low. The pair broke yesterday an important downtrend line, boosting the pair to current levels. On the upside, resistance lies at 149.50 and above at 150.50 and 151.30. The pair could find support at 147.60 and below at 146.00.
GBP/JPY posted on Thursday the biggest daily gain since June. In the last three days has risen more than 600 pips.