Back
9 Jan 2014
GBP/JPY tests 1-week highs around 172.95
FXstreet.com (San Francisco) - The Sterling is trading relatively high against the Japanese Yen following the BoE unchanged decision on interest rates. Now the GBP/JPY is testing the 1-week high at 172.95 after a brief pullback to 172.65.
The Bank of England has held interest rates at its record-low 0.5 percent. It has also kept its asset purchase facility at GBP375bn.
The GBP/JPY is 0.25% positive on the day. However, the short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute charts. Indicators are mixed as the Momentum is bearish while CCI is bullish and Stochastic and MACD are neutral.
GBP/JPY levels
Above the 172.95 and 173.00 area, the GBP/JPY would face resistances at 173.80 and 174.80. On the downside, supports are at 172.40, 172.25 and 171.90.
The Bank of England has held interest rates at its record-low 0.5 percent. It has also kept its asset purchase facility at GBP375bn.
The GBP/JPY is 0.25% positive on the day. However, the short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute charts. Indicators are mixed as the Momentum is bearish while CCI is bullish and Stochastic and MACD are neutral.
GBP/JPY levels
Above the 172.95 and 173.00 area, the GBP/JPY would face resistances at 173.80 and 174.80. On the downside, supports are at 172.40, 172.25 and 171.90.