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2 Jun 2015
GBP/JPY back below 190.00
FXStreet (Mumbai) - The GBP/JPY pair ran into offers at a high of 190.48 levels post which it trimmed gains to trade below 190.00 levels.
GBP/JPY: Supported at hourly 100-MA
The cross fell back to its hourly 100-MA located at 189.65, although the pair found fresh bids, thereby leading to a minor recovery to 189.83 levels. Moreover, the GBP/USD pair struggled to extend gains above its hourly 50-MA located at 1.5266, while the USD/JPY pair remains largely unchanged at 124.70 levels. Consequently, the GBP/JPY cross fell from a high of 190.48 to trade at 189.83 levels.
GBP/JPY Technical Levels
The immediate resistance is located at 190.00, above which the pair could re-test 190.48 levels. On the flip side, a break below 189.64 (hourly 100-MA), under which the pair could target of 189.00 levels.
GBP/JPY: Supported at hourly 100-MA
The cross fell back to its hourly 100-MA located at 189.65, although the pair found fresh bids, thereby leading to a minor recovery to 189.83 levels. Moreover, the GBP/USD pair struggled to extend gains above its hourly 50-MA located at 1.5266, while the USD/JPY pair remains largely unchanged at 124.70 levels. Consequently, the GBP/JPY cross fell from a high of 190.48 to trade at 189.83 levels.
GBP/JPY Technical Levels
The immediate resistance is located at 190.00, above which the pair could re-test 190.48 levels. On the flip side, a break below 189.64 (hourly 100-MA), under which the pair could target of 189.00 levels.