23 Apr 2014
GBP/JPY retreats from 172.80
FXStreet (Córdoba) - The GBP/JPY rose during the Asian session to 172.79 hitting the highest price in almost three weeks but on European hours, following Bank of England’s minutes and economic data from the United Kingdom, weakened and fell sharply from the highs.
Bottomed on New York at 171.35, the lowest price since April 16 and then bounce, trimming losses. The recovery from the lows found resistance below 172.00.
GBP/JPY falls after 7 days
Currently the pair trades at 171.85, down 0.45% for the day, headed toward the first daily decline after rising in the previous seven days.
The rally of the GBP/JPY lost momentum near 173.00. The mentioned level continues to offer strong resistance. Since January that the pair has been unable to consolidate above.
Bottomed on New York at 171.35, the lowest price since April 16 and then bounce, trimming losses. The recovery from the lows found resistance below 172.00.
GBP/JPY falls after 7 days
Currently the pair trades at 171.85, down 0.45% for the day, headed toward the first daily decline after rising in the previous seven days.
The rally of the GBP/JPY lost momentum near 173.00. The mentioned level continues to offer strong resistance. Since January that the pair has been unable to consolidate above.