GBPJPY: strong resistance at 143.89-13:00 (CET)

By @ibtimes on

The sterling is also trying to climb against the yen with strength. It's now trying to break the resistance at 143.89, which could take it to 146.32, performing a new stop before 144.87. Not breaking 143.89 would build a double top, sending the pair to 140 yens per pound, last month's low. Before getting there, the price would have to break the supports it built between yesterday and today at 142.56 and 141.87/31.

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