5 Feb 2014
GBP/JPY headed north, facing headwinds
FXStreet (Guatemala) - GBP/JPY has reached a high of 165.42 after the Yen has been the best performer.
GBP/JPY is bid, despite expectations of a dovish tone that might come if a statement accompanies the BoE rate decision and even after Markit Services PMI printed in the red at 58.3 vs 59.0 expected, the pair has gained over a big figure over the last few hours. The cross is finding headwinds back to the handle currently.
GBP/JPY Levels
The 20 DMA is 170.25, the 50 DMA is 170.00 and the 200 DMA is 158.45. RSI (14) reads 55.90. Supports are ascending from 163.70, 163.90 and 164.30. Spot is 165.00 while resistances are 165.40, 166.90, 167.70, 168.20 and 169.30.
GBP/JPY is bid, despite expectations of a dovish tone that might come if a statement accompanies the BoE rate decision and even after Markit Services PMI printed in the red at 58.3 vs 59.0 expected, the pair has gained over a big figure over the last few hours. The cross is finding headwinds back to the handle currently.
GBP/JPY Levels
The 20 DMA is 170.25, the 50 DMA is 170.00 and the 200 DMA is 158.45. RSI (14) reads 55.90. Supports are ascending from 163.70, 163.90 and 164.30. Spot is 165.00 while resistances are 165.40, 166.90, 167.70, 168.20 and 169.30.