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16 Mar 2015
GBP/JPY rises above 180.00
FXStreet (Córdoba) - The GBP/JPY pair extended gains and rose back above 180.00, after breaking the 179.65 barrier. Recently climbed to 180.14 and currently trades at 180.05/10, up 0.60% for the day, rising for the first time since last Monday.
Despite the recovery it continues to trade below the level it had last Friday. The pound so far is the best performer during the American session but still remains under pressure in the short term against the yen.
GBP/JPY approaches 181.00
To the upside, the key short term resistance is located around 181.00 that worked as a support during February and also in March. A break higher could trigger an extension of the recovery. On the downside, the immediate key support lies at 177.50 and below here the 176.00 zone, that capped the downside during January.
Despite the recovery it continues to trade below the level it had last Friday. The pound so far is the best performer during the American session but still remains under pressure in the short term against the yen.
GBP/JPY approaches 181.00
To the upside, the key short term resistance is located around 181.00 that worked as a support during February and also in March. A break higher could trigger an extension of the recovery. On the downside, the immediate key support lies at 177.50 and below here the 176.00 zone, that capped the downside during January.