OctaFX | OctaFX Forex Broker
Open trading account

GBP/JPY at fresh session highs

FXStreet (Mumbai) - The buying interest in Sterling spiked in the last one hour amid risk-on in Europe, taking the GBP/JPY pair to a session high of 184.64 levels.

Bounced-off from key fib level

The cross bounced-off from 183.86 (23.6% of 180.66-184.852) as the European equities turned positive after a softer start. The pair appears on track to test Oct 9 high of 184.85 levels. However, offers around Friday’s high of 184.73 is making further gains difficult.

Ahead in the day, the focus would remain on the overall market sentiment, since the Euroland and the US economic calendar is empty.

GBP/JPY Technical Levels

The immediate resistance is seen at 184.85 (Oct 9 high), above which gains could be extended to 185.30 (200-DMA). On the other side, support is seen at 183.86 (23.6% of 180.66-184.852), followed by a major support at 183.00 levels.

USD/JPY stuck between key MAs

The USD/JPY pair is stuck between key MAs – hourly 100-MA and 200-MA – amid rising treasury yields and risk-on rally in the European equity markets.
Read more Previous

Hong Kong SAR Unemployment rate remains at 3.3% in September

Hong Kong SAR Unemployment rate remains at 3.3% in September
Read more Next
Start livechat