209.347
Today
+0.26%
5 Days
+0.20%
1 Month
+0.72%
6 Months
-1.94%
Year to Date
-0.85%
1 Year
+2.90%
Opening Price
208.642Previous Closing Price
208.800
The upside prevails as long as 209.22 is support, with 210.36 and 210.67 as targets
below 209.22, expect 208.70 and 208.39.
The upside prevails as long as 209.22 is support, with 210.36 and 210.67 as targets
GBP/JPY trades with a mild positive bias on Friday as the Japanese Yen (JPY) underperforms across the board. A pause in the global bond sell-off has pushed government bond yields lower, with Japanese yields falling more sharply than their UK counterparts.
The GBP/JPY cross extends its recovery move from the weekly low, around the 208.20-208.15 region touched the previous day, and gains strong follow-through traction on Friday.
The GBP/JPY seesaws on Thursday, poised to end the session unchanged at 208.87, after prices traveled from the low of the day (LOD) of 208.20, towards a daily high of 209.40, before settling at around current levels.
The GBP/JPY cross reverses an intraday dip to the 208.20-208.15 area on Thursday, stalling the previous day's retracement slide from a one-and-a-half-week low.
210.00 has capped GBP/JPY three times since September 24, give or take a few pips, the latest on Tuesday. The cross trades just under it, in the upper part of a band that has contained it since early September.
The British Pound (GBP) slumps 0.3% to near 208.40 in the European trade on Monday after a flat opening at around 209.10.
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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