Forex: GBP/JPY held at 143.24/31
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GBP/JPY
FXstreet.com (Barcelona) - Like its other counterparts, the GBP has notched impressive gains against the JPY during European trading Friday, however its advance was stonewalled after the lackluster release of GDP data in the United Kingdom. After peaking briefly at the 143.75 region, the pair has now eased off its maximum to 143.24/31, still clinging to a sizable gain on the day.
Earlier today in the United Kingdom, the Gross Domestic Product (QoQ) contracted -0.3% in Q4, which came in lower than expectations of only -0.1. Meanwhile, Gross Domestic Product (YoY) was unchanged in Q4, failing to meet the estimated +0.2% growth.
At the present, the cross has secured an advance of +0.45%, while Mataf.net analysts point to the next resistive measures at 143.89, followed by 145.07 onto 147.02. Conversely, a plunge down to the 140.76 region will initiate additional supports at 138.81 and 137.63.
Earlier today in the United Kingdom, the Gross Domestic Product (QoQ) contracted -0.3% in Q4, which came in lower than expectations of only -0.1. Meanwhile, Gross Domestic Product (YoY) was unchanged in Q4, failing to meet the estimated +0.2% growth.
At the present, the cross has secured an advance of +0.45%, while Mataf.net analysts point to the next resistive measures at 143.89, followed by 145.07 onto 147.02. Conversely, a plunge down to the 140.76 region will initiate additional supports at 138.81 and 137.63.
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