17 Feb 2015
GBP/JPY hovers near highs at 182 levels
FXStreet (Mumbai) - GBP/JPY remains flat in the Asian morning, forming a small doji candle on the daily chart which suggests that the cross in search of a clear direction ahead of UK CPI data due later today.
GBP/JPY recovers from 181.59 levels
Currently, the GBP/JPY cross traded modestly flat at 181.97 levels, retreating from fresh session lows of 181.59 reached at the Tokyo open. The cross in GBP/JPY remained almost unchanged as both the GBP and JPY remains muted against the US dollar, awaiting fresh incentives in the day ahead.
Earlier in the session, USD/JPY was offered which knocked off the cross to fresh lows. However, the pair bounced-off lows and may remain cautious ahead of the crucial UK inflation print later in the day for major impacts on the cross.
GBP/JPY Levels to consider
To the upside, the next resistance is located at 182.29 and above which it could extend gains to at 183 levels. To the downside immediate support might be located at 181.44 levels below that at 181 levels.
GBP/JPY recovers from 181.59 levels
Currently, the GBP/JPY cross traded modestly flat at 181.97 levels, retreating from fresh session lows of 181.59 reached at the Tokyo open. The cross in GBP/JPY remained almost unchanged as both the GBP and JPY remains muted against the US dollar, awaiting fresh incentives in the day ahead.
Earlier in the session, USD/JPY was offered which knocked off the cross to fresh lows. However, the pair bounced-off lows and may remain cautious ahead of the crucial UK inflation print later in the day for major impacts on the cross.
GBP/JPY Levels to consider
To the upside, the next resistance is located at 182.29 and above which it could extend gains to at 183 levels. To the downside immediate support might be located at 181.44 levels below that at 181 levels.