8 Apr 2015
GBP/JPY retreats from 2-week highs
FXStreet (Córdoba) - The ">GBP/JPY pair is rising on Wednesday but moved off the highs; it still holds a bullish tone but lost strength.
During the Asian session dropped to 177.63 after Bank of Japan decision to leave monetary policy unchanged and then bounced sharply to the upside, rising 160 pips. On European hours peaked at 179.28, level last seen in March 22 but turned to the downside and recently dropped to 178.50 after the release of the FOMC minutes.
GBP/JPY technical levels
To the upside resistance could be located at 178.90, 179.30 (daily high) and 179.65. On the opposite direction support might lie at 178.30, 177.75 and 177.10.
During the Asian session dropped to 177.63 after Bank of Japan decision to leave monetary policy unchanged and then bounced sharply to the upside, rising 160 pips. On European hours peaked at 179.28, level last seen in March 22 but turned to the downside and recently dropped to 178.50 after the release of the FOMC minutes.
GBP/JPY technical levels
To the upside resistance could be located at 178.90, 179.30 (daily high) and 179.65. On the opposite direction support might lie at 178.30, 177.75 and 177.10.