28 May 2014
GBP/JPY pressured lower in opening hour
FXStreet (Guatemala) - GBP/JPY is trading at 171.39, down -0.01% on the day, having posted a daily high at 171.53 and low at 171.32.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. However, the pair has dipped lower by some margin relatively speaking with a positive open from the Nikkei. Meanwhile, BOJ Governor Kuroda had taken the spot light in Japan and speaking at the 2014 BOJ-IMES Conference “Monetary Policy in a Post-Financial Crisis Era” which is being hosted by the Institute for Monetary and Economic Studies, Bank of Japan. Exporter supply will likely keep pressure on the Yen with USD/JPY contained 102.10/25.
GBP/JPY Levels
Current price is 171.40, with resistance ahead at 171.43 (Daily Open), 171.46 (Daily Classic S1), 171.52 (Hourly 20 EMA and Daily 20 SMA) and 171.53 (Daily High). Next support to the downside can be found at 171.32 (Daily Low), 171.28 (Yesterday's Low), 171.23 (Daily Classic S2), 171.10 (Weekly Classic PP) and 171.09 (Hourly 200 SMA).
GBP/JPY chart formations
Looking at price patterns, we can see a Piercing Line 1-hour candlestick formation, .
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. However, the pair has dipped lower by some margin relatively speaking with a positive open from the Nikkei. Meanwhile, BOJ Governor Kuroda had taken the spot light in Japan and speaking at the 2014 BOJ-IMES Conference “Monetary Policy in a Post-Financial Crisis Era” which is being hosted by the Institute for Monetary and Economic Studies, Bank of Japan. Exporter supply will likely keep pressure on the Yen with USD/JPY contained 102.10/25.
GBP/JPY Levels
Current price is 171.40, with resistance ahead at 171.43 (Daily Open), 171.46 (Daily Classic S1), 171.52 (Hourly 20 EMA and Daily 20 SMA) and 171.53 (Daily High). Next support to the downside can be found at 171.32 (Daily Low), 171.28 (Yesterday's Low), 171.23 (Daily Classic S2), 171.10 (Weekly Classic PP) and 171.09 (Hourly 200 SMA).
GBP/JPY chart formations
Looking at price patterns, we can see a Piercing Line 1-hour candlestick formation, .