GBP/JPY trades around 156.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


In the aftermath of the Monday's GBP crash, the GBP/JPY currency pair has recovered. On Tuesday, the pair was trading almost flat at the 156.00 level.

If the Pound recovers against the Yen, the rate might encounter resistance in the combination of the 158.00 level, the weekly simple pivot point at 158.39 and the 100-hour simple moving average.

On the other hand, a decline of the rate could find support in the 50-hour SMA near 155.00 and the 154.00 level, which has acted as support on its own during Monday's trading. Further below, note the weekly S1 at 152.34, the 152.00 level and the 150.00 mark.

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