17 Dec 2014
GBP/JPY uninspired by BOE minutes and UK data
FXStreet (Mumbai) - The GBP/JPY pair is largely unchanged post the releases of the Bank of England minutes and the UK employment data.
The pair trades 0.46% higher at 184.19 levels after the BOE minutes revealed the policy makers do not consider the current increase in pay growth sufficient enough to warrant an interest rate hike. Meanwhile, the UK unemployment rate remained unchanged at 6.0% in three months to October. The data hardly led to any visible reaction in the GBP/USD pair. Meanwhile, the Japanese Yen continues to trade strong against the US dollar.
GBP/JPY Technical Levels
The pair has an immediate support at 183.33, under which losses could be extended to 181.55 levels. Meanwhile, resistance is seen at 184.69 and 185.09 levels.
The pair trades 0.46% higher at 184.19 levels after the BOE minutes revealed the policy makers do not consider the current increase in pay growth sufficient enough to warrant an interest rate hike. Meanwhile, the UK unemployment rate remained unchanged at 6.0% in three months to October. The data hardly led to any visible reaction in the GBP/USD pair. Meanwhile, the Japanese Yen continues to trade strong against the US dollar.
GBP/JPY Technical Levels
The pair has an immediate support at 183.33, under which losses could be extended to 181.55 levels. Meanwhile, resistance is seen at 184.69 and 185.09 levels.