16 Feb 2015
GBP/JPY declines below 182.50
FXStreet (Córdoba) - After moving sideways since Thursday’s American session GBP/JPY broke to the downside, falling below 182.50. The pair bottomed at 182.24, retreating further after rising last week to 184.12 (1-month high).
The yen remained steady across the board while the pound weakened significantly during the last hours as GBP/USD fell below 1.5400 and EUR/GBP rose above 0.7400.
GBP/JPY levels
In the short term, to the upside, the area around 182.50 is the immediate resistance followed by 183.20/30; above attention would turn to 184.00. On the downside, support might lie at 182.25 (daily low), 181.80 (Feb 6 high) and 181.45.
The yen remained steady across the board while the pound weakened significantly during the last hours as GBP/USD fell below 1.5400 and EUR/GBP rose above 0.7400.
GBP/JPY levels
In the short term, to the upside, the area around 182.50 is the immediate resistance followed by 183.20/30; above attention would turn to 184.00. On the downside, support might lie at 182.25 (daily low), 181.80 (Feb 6 high) and 181.45.