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31 Dec 2014
GBP/JPY consolidating the choppiness
FXStreet (Guatemala) - GBP/JPY is trading at 185.84, down -0.04% on the day, having posted a daily high at 186.03 and low at 185.77.
GBP/JPY has consolidated the spike lower in when dropping out of the 187.20 support and travelling around 250 pips lower before catching demand back up to 186.00 resistance. The Yen has clawed back ground across the board as we move back into holidays again and without Japan in and New Years elsewhere, we are in for a consolidation until trading desks return.
GBP/JPY noteworthy levels
Spot is presently trading at 185.87, and next resistance can be seen at 185.90 (Daily Classic PP), 185.95 (Weekly Low) and 186.03 (Daily Classic R1). Support below can be found at 185.77 (Daily Classic S1), 185.77 (Daily Low), 185.64 (Daily Classic S2), 185.52 (Daily Classic S3) and 184.96 (Yesterday's Low).
GBP/JPY has consolidated the spike lower in when dropping out of the 187.20 support and travelling around 250 pips lower before catching demand back up to 186.00 resistance. The Yen has clawed back ground across the board as we move back into holidays again and without Japan in and New Years elsewhere, we are in for a consolidation until trading desks return.
GBP/JPY noteworthy levels
Spot is presently trading at 185.87, and next resistance can be seen at 185.90 (Daily Classic PP), 185.95 (Weekly Low) and 186.03 (Daily Classic R1). Support below can be found at 185.77 (Daily Classic S1), 185.77 (Daily Low), 185.64 (Daily Classic S2), 185.52 (Daily Classic S3) and 184.96 (Yesterday's Low).