10 Mar 2015
GBP/JPY: Downward pressures mounting
FXStreet (Guatemala) - GBP/JPY is currently trading at 182.52 with a high of 183.93 and a low of 182.43.
GBP/JPY is consolidating the losses from 183.90 down to 182.50 ahead of the 181.40 while the Yen performs well on the crosses, particularly euro, but so so well vs the greenback.
The USD/JPY broke on to crucial 122 handle, although this was short lived and found heavy supply that has taken the Yen down a cent, and this move has been reflected further vs the crosses also. The pound at this stage is struggling the least vs the dollar but nevertheless it has lost ground back towards the mid point of the 1.50 handle and below 1.5080 leaves the cross subject to downwards pressure.
GBP/JPY is consolidating the losses from 183.90 down to 182.50 ahead of the 181.40 while the Yen performs well on the crosses, particularly euro, but so so well vs the greenback.
The USD/JPY broke on to crucial 122 handle, although this was short lived and found heavy supply that has taken the Yen down a cent, and this move has been reflected further vs the crosses also. The pound at this stage is struggling the least vs the dollar but nevertheless it has lost ground back towards the mid point of the 1.50 handle and below 1.5080 leaves the cross subject to downwards pressure.