GBP/JPY falls to test 170.00

FXStreet (San Francisco) - The Sterling's recovery against the Japanese Yen from 169.55 was capped at 170.50 where the GBP/JPY found resistance and it was launched back to price at 170.00.

Currently, GBP/JPY is trading at 170.07, up 0.02% on the day, having posted a daily high at 170.54 and low at 169.59. GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

GBP/JPY levels

If the pair retraces further below 170.00, the GBP/JPY would see supports at 169.80 and 169.50. On the upside, resistances are at 170.50, 170.90 and 171.10.