GBP/JPY collapses 200 pips and trades at lows since October

FXStreet (San Francisco) - The Yen is trading with a firm note on Tuesday as investors are looking for safe havens like the Japanese currency. In this framework, the GBP/JPY fell to lows since October at 178.05 after falling 200 pips from 180.05.

Currently, GBP/JPY is trading at 178.38, down 0.69% on the day, having posted a daily high at 180.10 and low at 178.11. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

GBP/JPY levels

Below the 178.45, the pair will find supports at 178.00 and 177.80. To the upside resistances are now at 178.75, 180.00 and 180.50.