FXstreet.com (San Francisco) - GBP/JPY has been in a steady ascent for the last six days, having climbed to a 4-week high of 125.81 in overnight trading before closing the NA session at 125.12, up a modest 15 pips on the day.
So far this Friday, the cross has traded in range between 124.76 and 125.41, last quoted at 125.35 ahead of the European open.
Should GBP/JPY push higher in the sessions ahead, it may encounter selling interest at 126.07 (50%, 133.46/118.75), then at 127.08 (16 April low). To the downside, support lies at 124.63 (18 June high), 124.37 (7 June high).
So far this Friday, the cross has traded in range between 124.76 and 125.41, last quoted at 125.35 ahead of the European open.
Should GBP/JPY push higher in the sessions ahead, it may encounter selling interest at 126.07 (50%, 133.46/118.75), then at 127.08 (16 April low). To the downside, support lies at 124.63 (18 June high), 124.37 (7 June high).
