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Forex pairs in this Article » GBP/JPY, GBP/USD, USD/JPY (Barcelona) - GBPJPY is currently trading at 140.17, off early session lows at 139.95, and above yesterday's post-BoJ lows at 139.76, a key level as relative previous high of April 2011. The cross is holding this line with both Pound weakness and Yen strength at the same time, while Nikkei goes lower for third consecutive day, last down -1.43% for the day, and -3.7% off recent multi-year highs.

Both USDJPY and GBPUSD components of the cross are sitting at key levels, as Cable is above the 1.5820 handle, 50% Fibo retrace of daily leg up 1.5270/1.6383, and USDJPY is also holding a key ascending trend line coming from Dec 10 lows. A busy day ahead for Cable as UK jobs figures will be released at 09:30 GMT, at the same time than latest MPC meeting minutes.

Immediate support to the downside for GBPJPY lies at mentioned yesterday's lows 139.76, followed by Jan 09 lows at 139.30, and Dec 19 high/Dec 27 lows at 137.97. To the upside, closest resistance shows at Jan 16 lows 140.40, followed by Jan 17 lows at 140.73, and Dec 31 highs at 140.95.
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