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9 Sep 2015
GBP/JPY offered closer to 200-DMA
FXStreet (Mumbai) - The upward momentum in the GBP/JPY stalled closer to its 200-DMA at 185.47 after which it fell to back to trade around 185.10-185.20 levels.
Awaits UK data
The traders now await the UK industrial production and trade deficit figures for July. The offered tone around JPY strengthened earlier today after the Japanese equity index Nikkei rallied more than 1300 points.
Ahead in the day, the cross could be heavily influenced by the UK trade deficit figures and the action in the major European equity markets and US index futures.
GBP/JPY Technical Levels
The immediate resistance is seen at 185.47 (200-DMA), above which the cross could target 187.50 (Aug 30 high). On the other side, support is seen at 184.16 (Aug 26 low) and 182.50 levels.
Awaits UK data
The traders now await the UK industrial production and trade deficit figures for July. The offered tone around JPY strengthened earlier today after the Japanese equity index Nikkei rallied more than 1300 points.
Ahead in the day, the cross could be heavily influenced by the UK trade deficit figures and the action in the major European equity markets and US index futures.
GBP/JPY Technical Levels
The immediate resistance is seen at 185.47 (200-DMA), above which the cross could target 187.50 (Aug 30 high). On the other side, support is seen at 184.16 (Aug 26 low) and 182.50 levels.