FXstreet.com (San Francisco) - The Sterling has recovery ground against the Japanese Yen and after falling from 123.55 levels in the Asian session to set bottom at 123.10, the GBP/JPY has bounced to reach levels above 123.50 and to reach 123.65 as fresh intra-day high.
Currently the pair is pricing at 123.55, 0.23% above today's opening price action. GBP/JPY looks "Slightly Bullish" and "Extremely Oversold" according to the FXstreet.com technical studies.
Today's classic Pivot Point is at 123.59, above this level next resistances are at 124.10, 124.81 and 125.33. On the downside, supports are at 122.88, 122.36 and 121.65.
Currently the pair is pricing at 123.55, 0.23% above today's opening price action. GBP/JPY looks "Slightly Bullish" and "Extremely Oversold" according to the FXstreet.com technical studies.
Today's classic Pivot Point is at 123.59, above this level next resistances are at 124.10, 124.81 and 125.33. On the downside, supports are at 122.88, 122.36 and 121.65.
