14 Mar 2014
GBP/JPY bids capped at 169.40
FXStreet (Guatemala) - GBP/JPY has found demand back onto the 169 handle after dropping from the 171.40’s.
GBP/JPY has been free-falling in markets discounting the Yen overnight which were working in tandem upon sudden risk aversion trading. There are tensions building upon the Ukrainian situation with reports of Russian troop build-ups along the Ukrainian border. USD/JPY has broken below 102 and markets have turned heavily towards risk off mode.
GBP/JPY Levels
The 20 DMA is 170.75, the 50 DMA is 170.25 and the 200 DMA is 160.55. RSI (14) reads 38.95. Supports are ascending from 168.30 and 168.80. Spot is 169.17. Resistances are 170.15, 171.45, 172.10, 172.85 and 173.65.
GBP/JPY has been free-falling in markets discounting the Yen overnight which were working in tandem upon sudden risk aversion trading. There are tensions building upon the Ukrainian situation with reports of Russian troop build-ups along the Ukrainian border. USD/JPY has broken below 102 and markets have turned heavily towards risk off mode.
GBP/JPY Levels
The 20 DMA is 170.75, the 50 DMA is 170.25 and the 200 DMA is 160.55. RSI (14) reads 38.95. Supports are ascending from 168.30 and 168.80. Spot is 169.17. Resistances are 170.15, 171.45, 172.10, 172.85 and 173.65.