5 Dec 2013
GBP/JPY holds below 167.00 after BoE
FXstreet.com (Córdoba) - The GBP/JPY was barely affected by the BoE decision to keep its monetary unchanged with the main rate at 0.5% and the QE at £375 billion.
GBP/JPY contained by 200-hour SMA
The GBP/JPY continued to trade below 167.00 after the announcement near daily lows at the 166.80 zone, recording a 0.5% decline on the day, having hit a low of 166.61 earlier on the day where the 200-hour SMA helped to contain the drop.
GBP/JPY technical levels
In terms of technical levels, the GBP/JPY could found immediate supports at 166.61 (daily low) and 166.47 (10-day SMA) ahead of 166.00 (psychological level). On the flip side, resistances are seen at 167.00 (psychological level) and 167.75 (daily high).
GBP/JPY contained by 200-hour SMA
The GBP/JPY continued to trade below 167.00 after the announcement near daily lows at the 166.80 zone, recording a 0.5% decline on the day, having hit a low of 166.61 earlier on the day where the 200-hour SMA helped to contain the drop.
GBP/JPY technical levels
In terms of technical levels, the GBP/JPY could found immediate supports at 166.61 (daily low) and 166.47 (10-day SMA) ahead of 166.00 (psychological level). On the flip side, resistances are seen at 167.00 (psychological level) and 167.75 (daily high).