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GBPJPY tests session high

GBP
  • GBPJPY extends to its intraday high, and desks will again be watching for test towards the 199.85 area, where it was trading pre the first speculated MOF intervention on the 29th April.
  • GBPJPY did found some resistance at that area Yesterday, printed a 199.89 high.
  • Further out, would see 200.55, Monday's 29th high, and the highest print since 2008.

Chart source: MNI/Bloomberg

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  • GBPJPY extends to its intraday high, and desks will again be watching for test towards the 199.85 area, where it was trading pre the first speculated MOF intervention on the 29th April.
  • GBPJPY did found some resistance at that area Yesterday, printed a 199.89 high.
  • Further out, would see 200.55, Monday's 29th high, and the highest print since 2008.

Chart source: MNI/Bloomberg