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2 Jul 2014
GBP/JPY higher ground prevented by USD/JPY
FXStreet (Guatemala) - GBP/JPY is trading at 174.18, up 0.05% on the day, having posted a daily high at 174.26 and low at 174.07.
GBP/JPY has been constructive all of the way up to the 174 handle which is a touch shy of the daily high last seen in January this year. The pair is buoyed on positive UK data releases but struggles further while the greenback is on the back foot and USD/JPY remains bearish below 80. Meanwhile, 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
Spot is presently trading at 174.19, and next resistance can be seen at 174.26 (Daily High), 174.31 (Yesterday's High), 174.37 (Annual High), 174.37 (3 Year High) and 174.37 (5 Year High). Next support to the downside can be found at 174.12 (Daily Open), 174.07 (Daily Low), 173.99 (Hourly 20 EMA), 173.90 (Daily Classic PP) and 173.70 (Monthly High).
GBP/JPY has been constructive all of the way up to the 174 handle which is a touch shy of the daily high last seen in January this year. The pair is buoyed on positive UK data releases but struggles further while the greenback is on the back foot and USD/JPY remains bearish below 80. Meanwhile, 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
Spot is presently trading at 174.19, and next resistance can be seen at 174.26 (Daily High), 174.31 (Yesterday's High), 174.37 (Annual High), 174.37 (3 Year High) and 174.37 (5 Year High). Next support to the downside can be found at 174.12 (Daily Open), 174.07 (Daily Low), 173.99 (Hourly 20 EMA), 173.90 (Daily Classic PP) and 173.70 (Monthly High).