GBP JPY trading Forex news activities
1/4/2017 9:14:33 AM
According to market the GBP/JPY was perceived building on to last week's recoil from the right significant 200-day SMA, although persisted below yesterday's fluctuate high beyond 145.15 handle.
At present trading around 144.58 area, the cross caught fresh bids on Wednesday among usual risk-on mood, which have a tendency to weigh on traditional safe-haven properties - the JPY.
From current levels, momentum above 145.15 psychological mark, leading to a succeeding strength above 145.35 level, is probable to boost the cross beyond 146.10 handle towards 146.35 persistence area. On the downside, 144.20 handle now become immediate support to defend, which if broken could speed up the slip back towards 142.95 round figure mark, with 143.60 area acting as intermediate support.
FOREX Fundamental Analysis
Written by FxErvin