16 Jun 2014
GBP/JPY finds support at 172.70
FXStreet (Córdoba) - The GBP/JPY finished Monday slightly lower, hovering around 172.90, pulling back after hitting on Friday a 6-week high at 173.34.
At the beginning of the week the pair moved to the downside and bottomed at 172.72 afterwards rebounded but failed to hold above 173.00 and pulled back again.
The area around 172.70 capped the downside two times during Monday, proving to be a strong short term support.
GBP/JPY steady ahead of UK inflation data
On Tuesday, important economic information from the United Kingdom will be release, that includes CPI and PPI from the month of May.
At the beginning of the week the pair moved to the downside and bottomed at 172.72 afterwards rebounded but failed to hold above 173.00 and pulled back again.
The area around 172.70 capped the downside two times during Monday, proving to be a strong short term support.
GBP/JPY steady ahead of UK inflation data
On Tuesday, important economic information from the United Kingdom will be release, that includes CPI and PPI from the month of May.