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GBP/JPY holds above 182.00

FXStreet (Córdoba) - GBP/JPY is consolidating weekly gains, holding above 182.00 amid a weak yen. Yesterday the pair lost ground after reaching a multi-year highs at 184.29 but the retreated sharply.

So far on Friday, with the forex market steady ahead of the release of the US employment report, GBP/JPY has moved within yesterday’s range. During the European session printed a daily high at 182.71 and the reversed and bottomed at 182.03. Currently trades at 182.30/35, flat for the day.

GBP/JPY levels to watch

The area around 182.00 has become an important short term support level; below here the next comes at 181.80 (Nov 6 low) and 181.05/10 (Nov 4 low). Immediate resistance might lie at 182.70/75 (daily high) and above here 183.40/45 (Nov 5 high) and then 184.00.

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