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14 Jan 2015
GBP/JPY recovers losses
FXStreet (Mumbai) - The GBP/JPY reversed direction to recover part of its losses after falling almost to the 200-DMA level of 176.85 earlier today.
The pair currently trades 0.71% lower at 177.51, compared to the previous session’s close at 178.77 levels. The pair failed multiple times to sustain gains above 180.00 levels yesterday, post which the pair weakened to 176.94 levels. However, the pair has recovered part of its losses since the GBP/USD pair edged 0.23% higher to 1.5195 levels. Meanwhile, the USD/JPY pair trades steady near the day’s low at 116.81 levels.
GBP/JPY Technical Levels
The immediate support is seen at 176.85 (200-DMA), under which losses could be extended to 174.59 (Sep. 14 high). Meanwhile, resistance is ssen at 178.08 and 178.85 levels.
The pair currently trades 0.71% lower at 177.51, compared to the previous session’s close at 178.77 levels. The pair failed multiple times to sustain gains above 180.00 levels yesterday, post which the pair weakened to 176.94 levels. However, the pair has recovered part of its losses since the GBP/USD pair edged 0.23% higher to 1.5195 levels. Meanwhile, the USD/JPY pair trades steady near the day’s low at 116.81 levels.
GBP/JPY Technical Levels
The immediate support is seen at 176.85 (200-DMA), under which losses could be extended to 174.59 (Sep. 14 high). Meanwhile, resistance is ssen at 178.08 and 178.85 levels.