13 Feb 2015
GBP/JPY back above 183.00
FXStreet (Mumbai) - The GBP/JPY pair has recovered the losses seen in the Asian session to trade marginally above 183.00 levels.
Gains capped at hourly 50-SMA
The pair recovered from the low of 182.48 seen earlier today to clock a high of 183.19. However, the pair has eased-off slightly to trade below the hourly 50-SMA located at 183.06 levels. Moreover, with a dip in the GBP/USD pair, the GBP/JPY cross is struggling to rise above 183.06 levels. Most of the gains witnessed today have been largely driven by a rise in the USD/JPY to 118.88 levels from the low of 118.40 seen earlier today. Given the thin UK data docket today, the GBP/JPY pair is unlikely to see significant moves.
GBP/JPY Technical Levels
The pair could rise to 183.60 levels, if it manages to sustain gains above the hourly 50-SMA located at 183.06. On the flip side, a break below 183.00 shall open doors for a re-test of the daily low at 182.48.
Gains capped at hourly 50-SMA
The pair recovered from the low of 182.48 seen earlier today to clock a high of 183.19. However, the pair has eased-off slightly to trade below the hourly 50-SMA located at 183.06 levels. Moreover, with a dip in the GBP/USD pair, the GBP/JPY cross is struggling to rise above 183.06 levels. Most of the gains witnessed today have been largely driven by a rise in the USD/JPY to 118.88 levels from the low of 118.40 seen earlier today. Given the thin UK data docket today, the GBP/JPY pair is unlikely to see significant moves.
GBP/JPY Technical Levels
The pair could rise to 183.60 levels, if it manages to sustain gains above the hourly 50-SMA located at 183.06. On the flip side, a break below 183.00 shall open doors for a re-test of the daily low at 182.48.