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GBP/JPY on a better foot forward

FXStreet (Barcelona) - GBP/JPY is trading at 178.34, up 0.10% on the day, having posted a daily high at 178.40 and low at 178.03.

GBP/JPY has been caught in between the Yen and cable while the greenback has been dominant on the back of the outlook for the US economy and interest rate policy. The pair has edged onto the 178 handle on a slightly better bid cable, yet pound remains below the 1.6415 key resistance currently.

GBP/JPY levels

With spot trading at 178.34, we can see next resistance ahead at 178.40, 178.45, 178.45, 178.45 and 178.45. Support below can be found at 178.20 (Hourly 100 SMA), 178.18, 178.13 (Hourly 20 EMA), 178.03 and 177.95 (Daily Classic PP).

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