The Pound is taking advantage of a softening Yen and GBP/JPY rally from 1.46.65 low on Tuesday has extended above Jan 8 and 11 high at 149.50/60 on European session, reaching a fresh 2-week high at 150.00.
At the moment, the pair remains right above 149.60 with next resistance levels at 150.00 (session high), and above here, 15040 (200-day MA) and 1.5075 (Dec 31(Jan 4 high).
On the downside, below 149.50/60, support levels lie at 148.85/95, and then at 148.05/20 area (Jan 8/9 low).
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