26 Jun 2014
GBP/JPY got a rejection at 173.45; now below 173.00
FXStreet (San Francisco) - The Sterling jumped to new daily highs around 173.45 against the Japanese Yen following a weaker than expected jobless claims data in the US. However the GBP/JPY got a rejection over there and it was launched to sub-173 prices.
Currently, GBP/JPY is trading at 173.04, up 0.02% on the day, having posted a daily high at 173.46 and low at 172.71. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/JPY levels
If the pair extends decline below the 173.0 level, the GBP/JPY would face next supports at 172.70 and 172.50. On the upside, resistances are at 173.40, 173.70 and 174.05.
Currently, GBP/JPY is trading at 173.04, up 0.02% on the day, having posted a daily high at 173.46 and low at 172.71. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/JPY levels
If the pair extends decline below the 173.0 level, the GBP/JPY would face next supports at 172.70 and 172.50. On the upside, resistances are at 173.40, 173.70 and 174.05.