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22 May 2013
GBP/JPY falls off session highs to 155.30/33 on BoE
FXstreet.com (Barcelona) - The GBP/JPY rollercoaster has continued Wednesday, following the tug of war between the BoJ and the most recent BoE revelation during European trading.
At this juncture the cross has just eliminated all of its gains Wednesday, falling hard off session highs at 155.84, down to 155.25/29 in these moments. Supportive structures will fortify the pair at 154.93, ahead of 154.33, and finally 153.32. Alternatively, a recovery will lead to resistances at 156.36, then 157.17, and ultimately 157.78, notes the Mataf.net analyst team.
In the United Kingdom, Retail Sales (YoY) came in at +0.5% in April, beating expectations of +2.0%. Moreover, Retail Sales ex Fuel (MoM and YoY) yielded -1.4% in April (against estimates of 0.0%) and +0.2% in April (vs. a projection of +1.7%) respectfully.
At this juncture the cross has just eliminated all of its gains Wednesday, falling hard off session highs at 155.84, down to 155.25/29 in these moments. Supportive structures will fortify the pair at 154.93, ahead of 154.33, and finally 153.32. Alternatively, a recovery will lead to resistances at 156.36, then 157.17, and ultimately 157.78, notes the Mataf.net analyst team.
In the United Kingdom, Retail Sales (YoY) came in at +0.5% in April, beating expectations of +2.0%. Moreover, Retail Sales ex Fuel (MoM and YoY) yielded -1.4% in April (against estimates of 0.0%) and +0.2% in April (vs. a projection of +1.7%) respectfully.