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15 May 2014
GBP/JPY falls to 170.15, 4-week low
FXStreet (Córdoba) - The GBP/JPY broke below 170.45 during the American session and fell to 170.15, reaching the lowest price since April 15. Afterwards rebounded but found resistance at 170.60. At the moment the GBP/JPY trades at 170.40, down 0.26% for the day.
GBP/JPY levels to watch
Below daily lows, the next support level might be located at 170.00 (psychological level) and then 169.50 ( April 11, 15 lows) and 169.20.
To the upside, above 170.60, price could return to the previous trading range between 170.40 and 171.00. On top of 171.00 immediate resistance could lie at 171.40, 171.75 and then 172.15.
GBP/JPY levels to watch
Below daily lows, the next support level might be located at 170.00 (psychological level) and then 169.50 ( April 11, 15 lows) and 169.20.
To the upside, above 170.60, price could return to the previous trading range between 170.40 and 171.00. On top of 171.00 immediate resistance could lie at 171.40, 171.75 and then 172.15.