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5 Jan 2015
GBP/JPY re-takes 184.00 handle
FXStreet (Mumbai) - The GBP/JPY pair is trading well above 184.00 levels, although gains appear capped due to the fresh signs of weakness in the USD/JPY pair.
The GBP/JPY cross now trades 0.20% lower for the day at 184.30, after having recovered from the low of 183.68 hit earlier today. The British Pound received support from the UK 10-year Gilt yield, which is up 2.2 basis points at 1.74%. However, the Japanese Yen found respite in the weak US treasury yields. The USD/JPY erased gains to trade 0.11% lower at 120.37 levels, tracking 1.1 basis point fall in the US 10-year Treasury yields.
GBP/JPY Technical Levels
The pair has an immediate resistance located at 1.5326, above which the pair could test 1.54 levels. On the other hand, a break below 1.5274, shall open doors for a re-test of 1.5170 levels.
The GBP/JPY cross now trades 0.20% lower for the day at 184.30, after having recovered from the low of 183.68 hit earlier today. The British Pound received support from the UK 10-year Gilt yield, which is up 2.2 basis points at 1.74%. However, the Japanese Yen found respite in the weak US treasury yields. The USD/JPY erased gains to trade 0.11% lower at 120.37 levels, tracking 1.1 basis point fall in the US 10-year Treasury yields.
GBP/JPY Technical Levels
The pair has an immediate resistance located at 1.5326, above which the pair could test 1.54 levels. On the other hand, a break below 1.5274, shall open doors for a re-test of 1.5170 levels.