18 Feb 2015
GBP/JPY rises above 184.00 levels
FXStreet (Mumbai) - The GBP/JPY pair extended gains after having bounced-off of earlier today from the 50% retracement (175.48-189.68) level at 182.58 after the release of an upbeat employment figures and hawkish BOE
minutes.
GBP/JPY approaches a key Fib level
The pair is looking to extend gains to 61.8% retracement at 184.25 after the jobless claims in the UK decreased by 38.6K during January, bettering estimates for a 25.0K drop, while the ILO Unemployment Rate ticked lower to 5.7% in the three months ended in December, vs. 5.8% expected. Meanwhile, BOE minutes showed two policymakers stating that an interest rate hike may be necessary in 2015. However, the MPC voted unanimously in favor of holding interest rates unchanged at record lows in the last meeting.
GBP/JPY Technical Levels
At the moment the pair is trading at 184.02, up 0.53% for the day. The immediate resistance is seen at 184.25, above which the gains could be extended to 184.93 (Dec. 30th low). Meanwhile, support is seen at 183.37 and 182.58 levels.
minutes.
GBP/JPY approaches a key Fib level
The pair is looking to extend gains to 61.8% retracement at 184.25 after the jobless claims in the UK decreased by 38.6K during January, bettering estimates for a 25.0K drop, while the ILO Unemployment Rate ticked lower to 5.7% in the three months ended in December, vs. 5.8% expected. Meanwhile, BOE minutes showed two policymakers stating that an interest rate hike may be necessary in 2015. However, the MPC voted unanimously in favor of holding interest rates unchanged at record lows in the last meeting.
GBP/JPY Technical Levels
At the moment the pair is trading at 184.02, up 0.53% for the day. The immediate resistance is seen at 184.25, above which the gains could be extended to 184.93 (Dec. 30th low). Meanwhile, support is seen at 183.37 and 182.58 levels.