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GBP/JPY sold at 185.60; back to 185.30

FXStreet (San Francisco) - The Pound's rally from 187.00 versus de the Japanese Yen found a selling interest in 185.60 that sent it back to operate at 185.30. Currently, GBP/JPY is trading at 185.51, up 0.63% on the day, having posted a daily high at 185.63 and low at 184.05.

The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.

GBP/JPY sentiment

Technically, Greg Michalowski from ForexLive points out that "the weaker yen today has helped push the pair steadily higher. From a technical perspective, the pair has also benefited from the ability to push off technical support" at 184.05, MA 100 hours.

Above 18560, the GBP/JPY will find next resistances at 185.80, 186.10 and 186.80. To the downside, support are at 185.00, 184.00 and 183.60.

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