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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY
FXstreet.com (London) - GBP/JPY is slow and grinding lower in a continuation of the slide from the 170 handle.

There was no data today from the UK but the euro has likely contributed the unwinding of sterling longs as well fuelling the drop in the pair also. The pound should nevertheless remain bid overall on the concerns expressed over the recent inflationary 12 month forecasts.

GBP/JPY Levels

The 20 DMA is 165.00, the 50 DMA is 160.55 and the 200 DMA is 153.75. RSI (14) reads 72.00. Support is 167.25 and 167.60 while Spot is currently 167.79. Resistances are 168.15 168.65, 168.95, 170.05 171.35, 173.00 and 173.65.
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