9 Dec 2014
GBP/JPY trades below 188 handle
FXStreet (Mumbai) - The pound extended losses from the previous session and trades lower against the Japanese counterpart after the yen marched up to a 3-week high against the US dollar.
At time of writing, the GBP/JPY pair trades at 187.87 levels, down -0.58%, compared to previous day’s close of 188.93. The pound also remains under pressure as investors prepare to scrutinize fresh data on industrial output due later today.
GBP/JPY Technical Levels
To the upside, the next resistance is located at 188.27 (100-day SMA) and above which it could extend gains to 188.88 (50-day SMA) levels. To the downside, immediate support might be located at 187.26 (Dec 5 Low) and below that at 187.06 (200-day SMA) levels.
At time of writing, the GBP/JPY pair trades at 187.87 levels, down -0.58%, compared to previous day’s close of 188.93. The pound also remains under pressure as investors prepare to scrutinize fresh data on industrial output due later today.
GBP/JPY Technical Levels
To the upside, the next resistance is located at 188.27 (100-day SMA) and above which it could extend gains to 188.88 (50-day SMA) levels. To the downside, immediate support might be located at 187.26 (Dec 5 Low) and below that at 187.06 (200-day SMA) levels.