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GBP/JPY, +170 pips above 167

FXstreet.com (Chicago) – GBP/JPY is 0.42% stronger so far today preparing to close a remarkable week that accumulates over 170 pips so far for a 5-year highs rally.

GBP/JPY Technical Levels

Price action reveals the pair is offered at 167.04, still far from the 167.34 session highs, 5-year peaks also, but firm on rally and weekly advancements. Up 0.42% so far today, the pair positions itself as the major gainer among currency pairs to accumulate over 170 pips gained this week. Technically speaking, the pair is offered at 167.07 and oscillates between the supports aligned at 165.40 (November 24th highs), 163.49 …read more