3 Jan 2014
GBP/JPY gathering back ground
FXstreet.com (Guatemala) - GBP/JPY is recovering after a collapse from the high end of the 174 handle and through 172.00 the figure.
GBP/JPY has followed suit of the Yen with the unit falling with Tokyo out as alack of demand from Japanese importers and funds had seen the pair fall from 105.44 to 104.52. The cross made a low of 171.85 in European and US markets from a base of 174.80. The pair has since gathered ground back into the 172 handle and currently trades 172.40.
GBP/JPY Levels
The 20 DMA is 170.20, the 50 DMA is 164.85 and the 200 DMA is 155.90. Support comes as 171.85 and trades a 172.40 currently. Resistances come as 172.60/80, 173.25, 173.95, 174.60 and 175.00.
GBP/JPY has followed suit of the Yen with the unit falling with Tokyo out as alack of demand from Japanese importers and funds had seen the pair fall from 105.44 to 104.52. The cross made a low of 171.85 in European and US markets from a base of 174.80. The pair has since gathered ground back into the 172 handle and currently trades 172.40.
GBP/JPY Levels
The 20 DMA is 170.20, the 50 DMA is 164.85 and the 200 DMA is 155.90. Support comes as 171.85 and trades a 172.40 currently. Resistances come as 172.60/80, 173.25, 173.95, 174.60 and 175.00.