16 Apr 2014
GBP/JPY holds in ranges above 169.50
FXStreet (Córdoba) - The GBP/JPY finished flat on Tuesday hovering around 170.40. During the European session and after the release of UK CPI data the pair tumbled to 169.50 but rebounded and rose quickly back above 170.00.
Yesterday the pair peaked at 170.67 but then bounced to 169.70 but it was able to rise above 170.00 again. Early in Asia, ahead of Nikkei’s opening trades at 170.38, 0.05% down for the day.
GBP/JPY continues in a range
The pair continues to move sideways, facing strong resistance between 170.60 - 170.80 while to the downside the key support is located around the 169.50 area, that capped the downside the last three trading days.
Yesterday the pair peaked at 170.67 but then bounced to 169.70 but it was able to rise above 170.00 again. Early in Asia, ahead of Nikkei’s opening trades at 170.38, 0.05% down for the day.
GBP/JPY continues in a range
The pair continues to move sideways, facing strong resistance between 170.60 - 170.80 while to the downside the key support is located around the 169.50 area, that capped the downside the last three trading days.