Pound Strengthens Against Majors

The pound climbed against the other major currencies in pre-European deals on Friday. The pound edged up to 1.3259 against the greenback and 140.50 against the Japanese yen, off its early lows of 1.3211 and 139.62, respectively. Rebounding from early lows of 1.3018 against the Swiss franc and 0.8342 against the euro, the pound rose ...

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Gbp/jpy Breaks Minor Trend Line Resistance, Jump Till 141.25 Likely

Major intraday resistance – 140.25 (trend line joining 140.75 and 140.53)   Major intraday support – 139.70 (trend line joining 139.51 and 139.62)   The pair breaks trend line resistance at 140.25 and jumped till 140.41 at the time of writing .It is currently trading around 140.21.   On the ...

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