FXstreet.com (Córdoba) - The Yen finished Monday with considerable losses against European currencies but is still moving with an upside bias. GBP/JPY recovered after falling to a fresh one-month at 146.30. From there the pair started to rise and peaked at 148.20 (intra-day high). Then pulled back below 148.00 and currently trades at 147.77/85. Cable recovered Friday's losses and despite Monday's rally remains under pressure. The Yen has support on a downtrend line in four hours chart. A break above 150.00 could send the pair higher.
EUR/JPY finished with gains on Monday after finding support on an uptrend line. The pair rose from 131.80 to 133.60 and currently trades near the highs. If the pair breaks below 131.50 the Yen could gain momentum. The pair is still facing some downside pressure. Between 134.20 and 134.40 the Euro has a key resistance, if it rises above the pair could rally further. The next resistance lies at 135.50.
GBP/CHF found support at 87.00 and rose to 88.40. It is the second time the Swiss Franc rises against the Yen out of the last eight days.