209.410
Today
-0.26%
5 Days
+0.53%
1 Month
-3.41%
6 Months
-1.59%
Year to Date
-0.83%
1 Year
+4.59%
Opening Price
209.763Previous Closing Price
209.939
The upside prevails as long as 209.03 is support, with 210.53 and 210.92 as targets
below 209.03, expect 208.39 and 208.01.
The upside prevails as long as 209.03 is support, with 210.53 and 210.92 as targets
GBP/JPY rebounds on Thursday, supported mainly by broad-based weakness in the Japanese Yen (JPY) rather than strength in the British Pound (GBP), as traders assess the monetary policy outlooks of the Bank of Japan (BoJ) and the Bank of England (BoE).
The GBP/JPY extended its losses to two straight trading sessions, down over 0.17% and trading near the week's lows, with 209.40 seen as the first support level before sellers push prices lower.
GBP/JPY trades around 209.90 on Wednesday at the time of writing, virtually unchanged on the day with a modest 0.05% decline.
The GBP/JPY cross scales higher for the third consecutive day – also marking the sixth day of a move up in the previous seven – and trades around the 210.75-210.80 region during the early European session on Tuesday.
GBP/JPY edges higher on Monday as the Japanese Yen (JPY) remains under pressure across the board in thin trading conditions. Japanese markets are closed until Wednesday for the country’s Silver Week holidays.
The GBP/JPY cross attracts fresh buyers at the start of the new week, stalling Friday's retracement slide from the 211.25-211.30 area, or a nearly two-week high.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.