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GBP/JPY consolidated at key support

FXStreet (Barcelona) - GBP/JPY is trading at 173.80, up 0.01% on the day, having posted a daily high at 174.01 and low at 173.61.

GBP/JPY is levelled on a key support area in the opening hour of Tokyo on the last trading day on the week. We had a benign set of minutes from the BoJ, beating the same drum with all members voting to stick to the game plan. The central bank explained that as a result of its quantitative and qualitative monetary easing it has been exerting its intended effects while aiming to achieve the price stability target of 2pct.

GBP/JPY noteworthy levels

With spot trading at 173.82, we can see next resistance ahead at 174.01, 174.13 (Hourly 20 EMA), 174.39 (Daily Classic PP), 174.50 (Hourly 100 SMA) and 175.02. Support below can be found at 173.81 (Daily Classic S1), 173.69 (Weekly Classic S1) and 173.61.

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