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GBP/JPY rises to 173.00

FXStreet (Córdoba) - The pound is rising for the third day in a row against the yen on Monday. The pair peaked at 173.00, reaching the highest price in week.

Since the beginning of the day is moving sideways in range with resistance at 173.00 and support at 172.20. The pair opened the week with a small bullish gap that is still open.

From the lows of last week, GBP/JPY has risen 500 pips, making a strong recovery. Last week the pair finished lower, posting the third weekly decline in a row, but finished far from the lows.

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