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19 Sep 2014
GBP/JPY scoring yet further highs, 179.00 on a 'No' concensus
FXStreet (Guatemala) - GBP/JPY is trading at 178.76, up on the day, having posted a daily high at 179.00 and low at 178.10.
GBP/JPY has scored a new high on consensus that the no voters are in the lead. However, the price is fading somewhat now having hit 179.00 on the knee jerk and in an extension of the 2012 rally, as without past practice to judge from, even though we have an initial idea that 54% of the votes are in the no camp, this must be acknowledged that never before has there been so many registered to vote (4,283 392 or 97% of electorate registered) on a topic and this for the first time will also be including teenagers of 16 and 17 years of age - therefor it makes it very difficult to call. The voter turnout figures are expected to be high and will be released in a moment.
GBP/JPY levels
Spot is presently trading at 178.76, and next resistance can be seen at 179.00, 179.50 (Daily Classic R3), 181.76 (Weekly Classic R3). Support below can be found at 178.38 (Yesterday's High), 178.23, 178.22 (Weekly Classic R2), 178.10 and 177.98 (Daily Classic R2).
GBP/JPY has scored a new high on consensus that the no voters are in the lead. However, the price is fading somewhat now having hit 179.00 on the knee jerk and in an extension of the 2012 rally, as without past practice to judge from, even though we have an initial idea that 54% of the votes are in the no camp, this must be acknowledged that never before has there been so many registered to vote (4,283 392 or 97% of electorate registered) on a topic and this for the first time will also be including teenagers of 16 and 17 years of age - therefor it makes it very difficult to call. The voter turnout figures are expected to be high and will be released in a moment.
GBP/JPY levels
Spot is presently trading at 178.76, and next resistance can be seen at 179.00, 179.50 (Daily Classic R3), 181.76 (Weekly Classic R3). Support below can be found at 178.38 (Yesterday's High), 178.23, 178.22 (Weekly Classic R2), 178.10 and 177.98 (Daily Classic R2).