OctaFX | OctaFX Forex Broker
Open trading account

GBP/JPY looking for 142.00 to close out the week

  • Guppy looking healthy to cap off the week, bidding into the high end for Friday.
  • Challenging the 142.00 handle has the Guppy challenging a four-week high.

GBP/JPY got a much-needed boost on Thursday, driving higher and pinning into 142.25 before settling just below 142.00. The Guppy is trading on the upside to kick off Friday's action, testing above 141.90 as market sentiment in the early Asian market session takes a step higher.

This week's Brexit vote took the Guppy into a low of 137.35, but market sentiment towards the GBP recovered rapidly after PM May's Brexit deal failed in spectacular fashion, sending the GBP/JPY back up the charts through the midweek.

Friday brings Retail Salest for the UK, dropping at 09:30 GMT with the headline annualized figure expected to hold steady around 3.6% for the year into December.

GBP/JPY Technical Levels


    Today Last Price: 141.93
    Today Daily change: 5 pips
    Today Daily change %: 0.0352%
    Today Daily Open: 141.88
    Daily SMA20: 139.39
    Daily SMA50: 142.33
    Daily SMA100: 144.49
    Daily SMA200: 145.6
    Previous Daily High: 142.22
    Previous Daily Low: 139.51
    Previous Weekly High: 139.49
    Previous Weekly Low: 137.44
    Previous Monthly High: 145.52
    Previous Monthly Low: 138.86
    Daily Fibonacci 38.2%: 141.19
    Daily Fibonacci 61.8%: 140.55
    Daily Pivot Point S1: 140.18
    Daily Pivot Point S2: 138.49
    Daily Pivot Point S3: 137.47
    Daily Pivot Point R1: 142.9
    Daily Pivot Point R2: 143.92
    Daily Pivot Point R3: 145.61


PBOC sets yuan reference rate at 6.7665

The People's Bank of China (PBOC) set the yuan reference rate at 6.7665 vs the previous day's fix of 6.7592.
Read more Previous

Fed’s Evans: Dot plot forecast for 2 rate hikes is plausible but there could be fewer

Chicago Federal Reserve President Charles Evans was on the wires earlier today, speaking about the US economy, Fed rate hike outlook and the US-China
Read more Next
Start livechat