13 Aug 2015
GBP/JPY extends recovery above 194.00
FXStreet (New York) - After falling nearly 100 pips from 194.60, the GBP/JPY found support at the 193.60 area where the pair bounced back to trade in recovery mood towards 194.30.
Currently, GBP/JPY is trading at 194.23, up 0.16% on the day, having posted a daily high at 194.75 and low at 193.67. GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/JPY levels
If the British Pound consolidates levels above 194.00 against the Japanese Yen, it will find resistances at 194.40, 194.60 and 195.00. To the downside, supports are located at 193.60, 193.40 and 193.00.
Currently, GBP/JPY is trading at 194.23, up 0.16% on the day, having posted a daily high at 194.75 and low at 193.67. GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/JPY levels
If the British Pound consolidates levels above 194.00 against the Japanese Yen, it will find resistances at 194.40, 194.60 and 195.00. To the downside, supports are located at 193.60, 193.40 and 193.00.