GBP/JPY retraces from highs and returns to intra-day range

FXStreet (San Francisco) - After peaking to its highest level since January 5 at 183.95, the GBP/JPY is returning to its previous intraday range of 183.00/183.35. Up 0.61% on the day.

Currently, GBP/JPY is trading at 183.26, up 0.61% on the day, having posted a daily high at 183.98 and low at 182.01. GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish.

GBP/JPY levels

If the pair resumes its uptrend, it will find next resistances at 183.95, 184.20 and 184.60. To the downside, 183.00, 182.45 and 182.00.