GBP/JPY recovers to daily highs

FXStreet (San Francisco) - After falling around 40 pips from 173.15 to 172.75 in the European morning, the GBP/JPY bottomed at this level and it started to recover ground in the American session and now it is testing daily highs just shy of 173.20.

Currently, GBP/JPY is trading at 173.16, up flat on the day, having posted a daily high at 173.20 and low at 172.75. 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

Above the 173.20, the pair would face resistances around 173.30 and 173.60. On the downside, supports are at 172.80, 172.75 and 172.65.