More from FXstreet.com

Forex: GBP/JPY rallies towards 133.00

By FXstreet.com,  March 20, 2012, 05:52:00 AM EDT

FXstreet.com (Barcelona) - The UK has released CPI and retail prices figures, pointing to better than expected data in February. At that moment, both the GBP and the USD rallied against their major counterparts such as the EUR, CHF and JPY.

From 132.30, the GBP/JPY suddenly rallied to just beneath 133.00, printing a high at 1.32.95. Currently, the cross waits at 132.83.

Mataf.net analysts point to resistances at 133.00 and 133.50. On the downside, supports might act at 132.30, 131.50 and 130.90.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Fighting Rages in Strategic Syrian Town
Fighting Rages in Strategic Syrian ...
Michael Hastings: Obama Has 'Enshrined' Bush Doctrines
Michael Hastings: Obama Has 'Enshri...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%