1 May 2015
GBP/JPY hit session low of 182.95
FXStreet (Mumbai) - The GBP/JPY turned lower from a high of 184.45 and extended losses to hit a session low of 182.95 after the data in the UK showed the manufacturing PMI fell to seven month low.
GBP/JPY: Trades at 183.17
The pair has recovered slightly from the session low to trade at 183.17, however, the fresh bids are unlikely in the wake of a big miss on the manufacturing PMI data. Ahead in the day the pair could be influenced by the US ISM manufacturing figure. A fresh offers could be seen in the US session in case the data prints higher than expected.
GBP/JPY Technical Levels
The immediate resistance is located at 184.45, above which the pair could rise to 185.00. On the flip side, a break below 5-DMA at 182.72 could push the pair down to 182.00 levels.
GBP/JPY: Trades at 183.17
The pair has recovered slightly from the session low to trade at 183.17, however, the fresh bids are unlikely in the wake of a big miss on the manufacturing PMI data. Ahead in the day the pair could be influenced by the US ISM manufacturing figure. A fresh offers could be seen in the US session in case the data prints higher than expected.
GBP/JPY Technical Levels
The immediate resistance is located at 184.45, above which the pair could rise to 185.00. On the flip side, a break below 5-DMA at 182.72 could push the pair down to 182.00 levels.