216.078
Today
+0.08%
5 Days
+0.44%
1 Month
-1.06%
6 Months
+4.01%
Year to Date
+2.34%
1 Year
+8.49%
Opening Price
215.737Previous Closing Price
215.924The British Pound (GBP) edges higher against the Japanese Yen (JPY) on Tuesday and extends gains for the third consecutive day, despite the mixed UK employment figures seen earlier on the day.
The British Pound (GBP) faces selling pressure against the Japanese Yen (JPY) after the release of the United Kingdom (UK) labor market data for three months ending in June, dropping to near 215.95.
The GBP/JPY cross-pair is poised to finish Monday’s session with gains of over 0.14% as traders prepare for the beginning of Tuesday’s Asian session. The cross-pair has climbed above the 50-day Simple Moving Average (SMA) at 215.52, often seen as a breakout that opens the door to further upside.
Brown Brothers Harriman’s (BBH) Elias Haddad says improving United Kingdom (UK) disinflation alongside solid Q2 Gross Domestic Product (GDP) should support the British Pound (GBP) against the US Dollar (USD) and Euro (EUR), but sees limited scope for a lasting rally.
The British Pound (GBP) faces mild selling pressure against the Japanese Yen (JPY) during the European trading session on Friday.
The GBP/JPY remains directionless on Thursday as traders turn cautious about opening fresh directional bets amid intervention fears in the FX markets, which could strengthen the Yen, and after solid UK data. The cross-pair sits at around 215.00, down 0.02%.
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The upside prevails as long as 215.31 is support, with 216.29 and 216.56 as targets
below 215.31, expect 214.85 and 214.58.
The upside prevails as long as 215.31 is support, with 216.29 and 216.56 as targets
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