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GBP/JPY eyes 182.00 ahead of UK data

FXStreet (Mumbai) - The GBP/JPY pair is trading around 182.00 levels ahead of the UK data, after having recovered from the low of 181.32 seen earlier today.

Awaits UK data

Another attempt is being made to take out 182.00 levels ahead of the data in the UK, which could show a slight improvement in the construction activity in the UK. Moreover, the uptick in the FTSE and other European equity indices also kept the losses under check.

The GBP/JPY pair currently trades around 182.00 levels. Ahead in the day, the US non-farm payrolls report could influence the market’s demand for the risk as well as the safe haven currencies.

GBP/JPY Technical Levels

The immediate resistance is seen at 182.00, above which the pair could target 182.71 levels. On the other side, support is seen at 181.65 (hourly 50-MA) and 181.00 levels.

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