31 Jan 2014
GBP/JPY crashed below 169.00 as the sellers seize the power
FXstreet.com (Barcelona) - FXstreet.com (Barcelona) - FXstreet.com (Barcelona) - FXstreet.com (Moscow) - GBP/JPY started the day at 169.22 and moved below the support level of 169.00 to the current intraday low of 168.58.
GBP/JPY follows the Yen
GBP/JPY is tubing down on the back of the general JPY strength. UK published GFK consumer survey - the index improved form -13 in December to -7 in January, but this news failed to inspire the GBP bulls. The Asian markets are driven by risk sentiments and technical factors exaggerated by rather thinnish liquidity (lost of Asian markets are closed for the lunar new year holiday). Nikkei started the day on the positive note, but moved into red zone after lunch adding the downside pressure on JPY crosses. Keep an eye at the support of 168.50. Once broken, 168.00 will cone into view. The upside is likely to be limited by 169.00 and 169.50 enhanced by 1h 50 EMA.
What are today’s key GBP/JPY levels?
Today's central pivot point can be found at 169.08, with support below at 168.36, 167.450 and 166.74, with resistance above at 169.99, 170.71 and 171.62. Hourly Moving Averages are bearish, with the 200SMA at 170.85 and the daily 20EMA at 170.63. Hourly RSI is neutral at 39.
GBP/JPY follows the Yen
GBP/JPY is tubing down on the back of the general JPY strength. UK published GFK consumer survey - the index improved form -13 in December to -7 in January, but this news failed to inspire the GBP bulls. The Asian markets are driven by risk sentiments and technical factors exaggerated by rather thinnish liquidity (lost of Asian markets are closed for the lunar new year holiday). Nikkei started the day on the positive note, but moved into red zone after lunch adding the downside pressure on JPY crosses. Keep an eye at the support of 168.50. Once broken, 168.00 will cone into view. The upside is likely to be limited by 169.00 and 169.50 enhanced by 1h 50 EMA.
What are today’s key GBP/JPY levels?
Today's central pivot point can be found at 169.08, with support below at 168.36, 167.450 and 166.74, with resistance above at 169.99, 170.71 and 171.62. Hourly Moving Averages are bearish, with the 200SMA at 170.85 and the daily 20EMA at 170.63. Hourly RSI is neutral at 39.