216.939
Today
+0.05%
5 Days
+0.69%
1 Month
-0.50%
6 Months
+4.01%
Year to Date
+2.75%
1 Year
+9.35%
Opening Price
216.524Previous Closing Price
216.852The GBP/JPY cross attracts some dip-buyers near the 216.20 area and touches a fresh monthly high during the early part of the European session on Monday. Spot prices currently trade just above the 217.00 mark and seem poised to appreciate further amid a broadly weaker Japanese Yen (JPY).
British Pound's (GBP) rally against the Japanese Yen (JPY) was capped at the 217.00 area earlier on Friday, and the pair pulled back to the 216.50 area where it found some support.
The British Pound (GBP) holds onto Thursday’s gains at around 217.00 against the Japanese Yen (JPY) during the European trading session on Friday.
The GBP/JPY advanced over 0.72%, refreshing a 14-day high of 216.90, with buyers eyeing a breakout above 217.00, which could open the door to a retest of the yearly highs hit in mid-July. The pair trades at 216.73 after bouncing off the daily low of 215.04.
GBP/JPY edges higher on Thursday, reversing all the losses recorded on the previous day. The move is largely driven by broad Japanese Yen (JPY) weakness rather than any major positive development for the British Pound (GBP), with a sparse economic calendar offering little fresh impetus.
The GBP/JPY retreats on Wednesday as the cross-pair fails to climb past 216.00 and fell beneath the 50-day Simple Moving Average (SMA) of 125.56. The cross-pair trades at 214.25 down 0.37%.
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The upside prevails as long as 216.45 is support, with 217.50 and 217.81 as targets
below 216.45, expect 215.94 and 215.64.
The upside prevails as long as 216.45 is support, with 217.50 and 217.81 as targets
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