16 Jan 2015
GBP/JPY recovers from 2-month low
FXStreet (Córdoba) - GBP/JPY is rising on Friday, posting the first daily gain in a week. The pair currently trades at 177.40, up 0.50% for the day.
GBP/JPY rebounds 175.75
During the Asian session the GBP/JPY continued to decline and bottomed at 175.75, reaching the lowest price since October 31. Then rebounded to the upside and managed to break the short term resistance at 176.80 and climbed to 177.61 (daily high).
The pound continues to move with a bearish bias against the yen, despite the recovery but the short term perspective has improved for the European currency.
GBP/JPY rebounds 175.75
During the Asian session the GBP/JPY continued to decline and bottomed at 175.75, reaching the lowest price since October 31. Then rebounded to the upside and managed to break the short term resistance at 176.80 and climbed to 177.61 (daily high).
The pound continues to move with a bearish bias against the yen, despite the recovery but the short term perspective has improved for the European currency.