20 Jan 2015
GBP/JPY tests 180.00 handle
FXStreet (Mumbai) - The GBP/JPY pair extended gains to test 180.00 handle ahead of the US session, well supported by gains in the UK Gilt yields.
The pair now trades 1.33% higher at 180.03 levels, compared to the previous session’s level at 177.68 levels. The Brirish Pound gained strength across the board as the yields across the Gilt yield curve rose. The 10-yr Gilt yield gained 3.6 basis points to 1.565%, while the 2-yr yield advanced 2.3 basis points to 0.413%. The GBP/USD pair has advanced 0.44%, while the USD/JPY pair gained 0.93%. Consequently, the GBP/JPY pair was pushed higher to 180.00 levels.
GBP/JPY Technical Levels
The pair has an immediate resistance located at 180.52, above which it could re-test 180.91 (100-DMA) levels. Meanwhile, support is seen at 179.70 and 179.56 levels.
The pair now trades 1.33% higher at 180.03 levels, compared to the previous session’s level at 177.68 levels. The Brirish Pound gained strength across the board as the yields across the Gilt yield curve rose. The 10-yr Gilt yield gained 3.6 basis points to 1.565%, while the 2-yr yield advanced 2.3 basis points to 0.413%. The GBP/USD pair has advanced 0.44%, while the USD/JPY pair gained 0.93%. Consequently, the GBP/JPY pair was pushed higher to 180.00 levels.
GBP/JPY Technical Levels
The pair has an immediate resistance located at 180.52, above which it could re-test 180.91 (100-DMA) levels. Meanwhile, support is seen at 179.70 and 179.56 levels.