18 Feb 2015
GBP/JPY back below 183 levels
FXStreet (Mumbai) - GBP/JPY remained weak in the Asian morning, although moved away slightly from the BOJ induced session lows as the yen continues to weigh on the pound, dragging the pair lower.
GBP/JPY hovers around 5-DMA
Currently, the GBP/JPY cross traded lower by -0.18% at 182.73 levels, having posted day’s low at 182.62 and day’s high at 183.20 levels. The cross in GBP/JPY edged lower largely on yen’s strength as the Japanese currency climbed higher versus the USD after BOJ’s unchanged monetary policy stance boosted the yen. On the GBP-side of the equation, cable trades cautious ahead of MPC and UK employment data.
At the moment, USD/JPY trades lower by -0.21% at 119 levels, while GBP/USD trades flat at 1.5355 levels.
GBP/JPY Levels to consider
To the upside, the next resistance is located at 183.44 and above which it could extend gains to at 184.01 levels. To the downside immediate support might be located at 181.93 levels below that at 181.51 levels.
GBP/JPY hovers around 5-DMA
Currently, the GBP/JPY cross traded lower by -0.18% at 182.73 levels, having posted day’s low at 182.62 and day’s high at 183.20 levels. The cross in GBP/JPY edged lower largely on yen’s strength as the Japanese currency climbed higher versus the USD after BOJ’s unchanged monetary policy stance boosted the yen. On the GBP-side of the equation, cable trades cautious ahead of MPC and UK employment data.
At the moment, USD/JPY trades lower by -0.21% at 119 levels, while GBP/USD trades flat at 1.5355 levels.
GBP/JPY Levels to consider
To the upside, the next resistance is located at 183.44 and above which it could extend gains to at 184.01 levels. To the downside immediate support might be located at 181.93 levels below that at 181.51 levels.