13 Jan 2015
GBP/JPY makes another run at 180.00 levels
FXStreet (Mumbai) - The GBP/JPY pair made another attempt at 180.00, the level which it failed to take out twice since the yesterday’s US session.
The gains in the US stock markets coupled with the recovery in the US Treasury yields pushed the USD/JPY pair 0.30% higher at 118.71 levels. The 10-year yield has recovered losses to trade almost one basis points higher for the day at 1.919%. Meanwhile, the DJIA advanced 1.59% to trade at 17,921.50 levels, while the S&P futures are up 1.31% at 2048.95 levels. Sustained strength in the equities and the Treasury yields may see GBP/JPY rising above 180.00 levels.
GBP/JPY Technical Levels
The immediate resistance is seen at 180.07, above which the pair may re-test 180.52 levels. Meanwhile, support is seen at 179.14 and 178.46 levels.
The gains in the US stock markets coupled with the recovery in the US Treasury yields pushed the USD/JPY pair 0.30% higher at 118.71 levels. The 10-year yield has recovered losses to trade almost one basis points higher for the day at 1.919%. Meanwhile, the DJIA advanced 1.59% to trade at 17,921.50 levels, while the S&P futures are up 1.31% at 2048.95 levels. Sustained strength in the equities and the Treasury yields may see GBP/JPY rising above 180.00 levels.
GBP/JPY Technical Levels
The immediate resistance is seen at 180.07, above which the pair may re-test 180.52 levels. Meanwhile, support is seen at 179.14 and 178.46 levels.