FXstreet.com (San Francisco) - The Sterling is trading higher today against the Japanese Yen on the back of optimistic sentiment across the market. After rising around 145 pips from the Asian session low at 1.2180, the GBP/JPY has broken up the 122.60 and 123.00 key zones to reach levels above the 123.20 with 123.23 as fresh highest level since June 30.
Currently the pair is pricing at 123.20, rising 0.95% so far today from opening price action. according to FXstreet.com classic pivot points, levels to see are:123.80 and 124.40 as resistance. While 122.94, 122.34 (PP) and 121.48 as supports.
