GBP/JPY rises above 173.00

FXStreet (Córdoba) - The GBP/JPY started the week with bullish momentum and during the European session broke above 173.00 and jumped to 173.39, hitting the highest price since August 5.

Price remains near daily highs, consolidating above 173.00. Despite weak UK economic data, the GBP/JPY pulled back modestly, finding support at 173.10.

GBP/JPY technical levels

To the upside, resistance levels might be located at 173.40 (daily high) and above here at 173.50 (August 5 high) and 173.80/85 (August 1 high). On the opposite direction potential support lies at 173.00 and below at 172.65/70 (August 25 high) and 172.05 (August 27 low).