Forex: GBP/JPY tests 140.45

FXstreet.com (San Francisco) - The Sterling has continued today with its decline against the Japanese Yen and after falling around 100 pips since the intra-day high at 141.50, reached in the European session, the GBP/JPY is testing the 140.45 support.

The GBP/JPY is currently trading at 140.60, 0.35% negative on the day. Pair is slightly bearish according to the Fxstreet.com forex studies. Indicators such as MACD, CCI and Momentum are bearish, while the Stochastic is bullish in the 1-hour chart.

Below the 140.45 level, next supports are at 140.00 psychology level and 139.80/90 area (Jan 22 and 24 lows and Feb 25 high). Resistances are at 140.70/80 area, 141.00 and 414.50.

Apr 3, 2013

Forex Flash: NZD facing little headwinds as economy, milk prices point higher – BNZ

As with last month, NZ’s outperformance relative to the rest of the world was once again evident in spades during March. No more was this so than in fourth quarter GDP figures. GDP soared 1.5% in Q4, taking the annual increase to a very respectable 3.0%. The expansion was much bigger than anyone expected, and provided a nice contrast to the 0.4% growth recorded in the US over the same period, or the 0% in Japan, -0.6% in the Eurozone, and -0.3% in the UK. We couldn’t see anything particularly ‘weird’ in the data, rather, growth simply surprised across a significant number of industries, and was about far more than “just” Christchurch reconstruction.

Forex: USD/JPY finds support at 92.70, back to test 93.00

After extending its decline from 93.65 to reach fresh intra-day low at 92.70, the USD/JPY has found support at this level with the pair trading back to test the 93.00 area.