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GBP/JPY longs back in control and in for more

FXStreet (Guatemala) - GBP/JPY is trading at 182.45, up 0.19% on the day, having posted a daily high at 182.58 and low at 182.13.

GBP/JPY is up to test the 182.60 level having collected bids from the los of the 181 handle when the Yen rallied at the start of the week in Asia. With the FX space digesting the repositioning and profit taking we are filling the long positions back and contesting the Yens performance. Tomorrow, we will have the UK’s inflation data that may weigh on the cross if we are reaffirming the dovish outlook in respect of interest rates in the UK.

GBP/JPY noteworthy levels

With spot trading at 182.48, we can see next resistance ahead at 182.48 (Hourly 100 SMA), 182.67 (Weekly Classic PP), 182.74 (Daily Classic R1) and 183.24 (Daily Classic R2) Support below can be found at 182.46 (Hourly 200 SMA), 182.17 (Daily Classic PP), 182.14 (Daily Open) and 182.11 (Hourly 20 EMA).

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