Forex: GBP/JPY climbs off support
Forex pairs in this Article »
GBP/JPY
FXstreet.com (Barcelona) - Having declined to 139.98 from a morning high of 140.88, GBPJPY has moved off support in an attempt to retrace the morning decline.
Spot is currently trading at 140.51, having found support at Classic S1 at 139.97, and looks to be using the hourly 20 MA for guidance in its climb higher. Damp UK and European data saw a push lower but a bullish start to the US session has helped pick up sentiment into the US session. Spot is currently trying to consolidate above the hourly 55 MA while RSI is at 55 and moving with a slight near term upside momentum.
Spot is currently trading at 140.51, having found support at Classic S1 at 139.97, and looks to be using the hourly 20 MA for guidance in its climb higher. Damp UK and European data saw a push lower but a bullish start to the US session has helped pick up sentiment into the US session. Spot is currently trying to consolidate above the hourly 55 MA while RSI is at 55 and moving with a slight near term upside momentum.
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