GBP/JPY wakes up and bounces to 176.60

FXStreet (San Francisco) - After falling 90 pips from 177.00 and consolidating for a while around 176.10, the GBP/JPY is bouncing back to price at 176.60.

Currently, GBP/JPY is trading at 176.62, down 0.11% on the day, having posted a daily high at 177.74 and low at 176.12. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.

GBP/JPY levels

If the pair extends its rebound, it will find next resistances at 177.00, 177.10 and 177.70. To the downside, supports are at 176.10, 176.00 and 175.80.