More from FXstreet.com

GBP/JPY trades above 123.50

By FXstreet.com,  July 09, 2012, 12:17:00 PM EDT

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.




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

How to File Insurance Claims When Disaster Strikes
How to File Insurance Claims When D...
Where Horses Live Like Millionaires
Where Horses Live Like Millionaires
How to Pick Stocks in This Economic Environment
How to Pick Stocks in This Economic...
How To Grow Your Small Business
How To Grow Your Small Business     


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

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




Most Active by Volume:

Company Last Sale Change Net / %
S $ 7 0.32  4.37%
PFE $ 29.10 0.30  1.02%
BAC $ 13.19 0.08  0.60%
MU $ 13.97 0.22  1.60%
SIRI $ 3.37 0.03  0.88%
GE $ 23.98 0.35  1.44%
QQQ $ 72.76 0.82  1.11%
ELN $ 14.15 0.37  2.69%