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GBP/JPY climbs back above 170.00

FXStreet (Córdoba) - GBP/JPY rebounded at 168.40 and rose back above 170.00. The pair peaked at 170.90, below yesterday’s highs that lie at 171.10. Stocks turned positive in Wall Street recovering after falling sharply on Wednesday and weakened the US dollar and the yen.

GBP/JPY technical levels

To the downside support might be located at 169.95 (European session high, Oct 14 low) and below here at 169.15 and 168.40/45 (daily low).

The recovery of the pair from 7-month lows could face resistance around 171.10/15 (Oct 15 high) and above here at 171.70 (Oct 13 low).

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