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19 May 2014
GBP/JPY rebounds at 170.00
FXStreet (Córdoba) - The GBP/JPY dropped from 170.97 and bottomed on European hours at 170.01, reaching the lowest price since April 15. Afterwards rebounded from the 170.00 area and recovered ground.
The move from the lows found resistance below 170.50 during the American session and currently trades at 170.36, down 0.16% from today’s opening price, going for the fourth daily loss out of the last five trading days.
GBP/JPY and the key 170.00
The downside so far found support above 170.00. During April the pair traded below the mentioned level but it always managed to finished the day above. The last time the GBP/JPY posted a close cleary under 170.00 was on March 27.
The move from the lows found resistance below 170.50 during the American session and currently trades at 170.36, down 0.16% from today’s opening price, going for the fourth daily loss out of the last five trading days.
GBP/JPY and the key 170.00
The downside so far found support above 170.00. During April the pair traded below the mentioned level but it always managed to finished the day above. The last time the GBP/JPY posted a close cleary under 170.00 was on March 27.