19 Jan 2015
GBP/JPY finds support around 177.00
FXStreet (Córdoba) - GBP/JPY moved to the downside during the Asian session and bottomed at 176.95. The area around 177.00 offered support to the pair that bounced to the upside and climbed trimming losses.
Recently reached 177.96 and currently trades at 177.55/60, slightly below Friday’s closing price. Last week the pair posted the third weekly decline in a row and the lowest close since October, weakened by a recovery of the yen across the board.
GBP/JPY levels
To the upside, resistance might lie at 178.00, 178.40 (Jan 16 high) and 179.15. On the opposite direction, support could be located at 176.95, 176.50 and 175.80 (last week low).
Recently reached 177.96 and currently trades at 177.55/60, slightly below Friday’s closing price. Last week the pair posted the third weekly decline in a row and the lowest close since October, weakened by a recovery of the yen across the board.
GBP/JPY levels
To the upside, resistance might lie at 178.00, 178.40 (Jan 16 high) and 179.15. On the opposite direction, support could be located at 176.95, 176.50 and 175.80 (last week low).