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15 Dec 2014
GBP/JPY finds resistance at 187.00
FXStreet (Córdoba) - GBP/JPY bottomed during the Asian session at 185.25 but bounced quickly to the upside, and climbed to 187.02 (daily high). The area around 187.00 capped the upside and the pair pulled back.
The retreated from 187.00 found support at 185.72 and during the last two hours the pair has been hovering around 186.00, down 0.25% for the day so far.
After Sunday’s election and the Tankan report the yen is relatively steady in the forex market while the pound is the worst among european currencies.
On Friday GBP/JPY posted the first weekly decline since mid-October. So far on Monday it has been able to hold above last week lows that lie at 184.95.
The retreated from 187.00 found support at 185.72 and during the last two hours the pair has been hovering around 186.00, down 0.25% for the day so far.
After Sunday’s election and the Tankan report the yen is relatively steady in the forex market while the pound is the worst among european currencies.
On Friday GBP/JPY posted the first weekly decline since mid-October. So far on Monday it has been able to hold above last week lows that lie at 184.95.