16 Jan 2014
GBP/JPY offered in a continuation of 2014 down trend
FXstreet.com (Guatemala) - GBP/JPY has been offered throughout today and has lost over a big figure from over 171.40 and down into the 170.30’s.
GBP/JPY has benefited from a sell of in Sterling and overnight, BoJ Governor Kuroda commented that Japan’s economy is making steady progress towards achieving the BoJ’s 2% CPI inflation target. November data showed CPI inflation at 1.2% with the weaker tone of the yen playing a significant part in the upward push in prices
GBP/JPY Levels
The 20 DMA is 171.75, the 50 DMA is 167.60 and the 200 DMA is 157.15. RSI (14) reads 33.63. Supports are ascending from 169.20 and 170.10. Spot is 170.28 while resistances are 171.10, 172.20, 172.75, 173.15 and 173.65.
GBP/JPY has benefited from a sell of in Sterling and overnight, BoJ Governor Kuroda commented that Japan’s economy is making steady progress towards achieving the BoJ’s 2% CPI inflation target. November data showed CPI inflation at 1.2% with the weaker tone of the yen playing a significant part in the upward push in prices
GBP/JPY Levels
The 20 DMA is 171.75, the 50 DMA is 167.60 and the 200 DMA is 157.15. RSI (14) reads 33.63. Supports are ascending from 169.20 and 170.10. Spot is 170.28 while resistances are 171.10, 172.20, 172.75, 173.15 and 173.65.