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GBP/JPY tied to 134.00 as bullish recopvery momentum fades

  • The Sterling is struggling to hold onto Thursday's recovery mode, and the pair could be setting up for a fresh fall from 134.00.
  • Broad market went risk off to start Thursday action as investors brace for a global growth slowdown.

GBP/JPY is trading back down into 134.20 after catching a mild intraday recovery into the 135.00 handle after broader markets took a tumbled on renewed risk aversion.

Thursday brings only UK Construction PMIs at 09:30, expected to clock in at 522.9 (last 53.4),  but with overall market sentiment constrained in the bearish side, Guppy action could see very limited upside as risk appetite remains thoroughly soured from the early day's risk-off rush.

GBP/JPY Trading Levels

GBP/JPY

Overview:
    Today Last Price: 134.36
    Today Daily change: -3.2e+2 pips
    Today Daily change %: -2.35%
    Today Daily Open: 137.59
Trends:
    Previous Daily SMA20: 141.4
    Previous Daily SMA50: 143.9
    Previous Daily SMA100: 144.9
    Previous Daily SMA200: 146.22
Levels:
    Previous Daily High: 140.01
    Previous Daily Low: 137.44
    Previous Weekly High: 141.04
    Previous Weekly Low: 138.86
    Previous Monthly High: 145.52
    Previous Monthly Low: 138.86
    Previous Daily Fibonacci 38.2%: 138.42
    Previous Daily Fibonacci 61.8%: 139.03
    Previous Daily Pivot Point S1: 136.68
    Previous Daily Pivot Point S2: 135.77
    Previous Daily Pivot Point S3: 134.11
    Previous Daily Pivot Point R1: 139.26
    Previous Daily Pivot Point R2: 140.92
    Previous Daily Pivot Point R3: 141.83

 

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