OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/JPY erases gains after reaching 6-year highs

FXStreet (Córdoba) - GBP/JPY pulled back from 6 year highs as the yen gained momentum across the board. The pair rose during the Asian session to 184.31, reaching the strongest level since October 2008 and then retreated.

Cable failed to hold above 184.00 and retreated falling to 182.42. During the last hours the pair moved sideways with resistance at 183.20 and support at 182.50.

GBP/JPY steady after BoE

The Bank of England left rates and its purchase program unchanged, as expected. The pound remained steady after the decision and GBP/JPY continued to trade in the mentioned range, slightly lower for the day.

The pair was falling on Thursday, making a bearish correction, headed toward the second daily loss out of the last six trading days, still trading sharply higher from where it was a week ago.

United States Challenger Job Cuts (YoY): 51.183K (October) vs 30.477K

Read more Previous

European Monetary Union ECB Interest Rate Decision meets forecasts (0.05%) in November 6

Read more Next
Start livechat