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27 Mar 2015
GBP/JPY holds above 177.00
FXStreet (Córdoba) - The GBP/JPY pair is trading slightly higher on Friday amid a stronger pound boosted by Mark Carney comments. Bank of England’s governor said that the next move by the central bank is likely to be a rate hike.
During the Asian session price approached Thursday lows but found support at 176.75 and bounced to the upside. After finding resistance near 178.00, pulled back. The pound was able to hold above 177.00 and is about to end the week trading around 177.15, more than 200 pips below the level it had a week ago.
The pair lost ground during the week amid a weak pound, that despite rising on Friday, is about to end the week as the worst performer among majors. On the opposite side, the yen climbed in the market amid risk aversion.
During the Asian session price approached Thursday lows but found support at 176.75 and bounced to the upside. After finding resistance near 178.00, pulled back. The pound was able to hold above 177.00 and is about to end the week trading around 177.15, more than 200 pips below the level it had a week ago.
The pair lost ground during the week amid a weak pound, that despite rising on Friday, is about to end the week as the worst performer among majors. On the opposite side, the yen climbed in the market amid risk aversion.