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1 Jun 2015
GBP/JPY hits session low of 188.84
FXStreet (Mumbai) - The British Pound was offered across the board on a weaker-than-expected UK manufacturing PMI data, thereby pushing the GBP/JPY to a session low of 188.84 levels.
GBP/JPY hovers around hourly 200-MA
The pair now trades at its hourly 200-MA located at 189.03 levels. The UK final PMI manufacturing reading came-in at 52.00, missing the estimate of 52.5. Consequently, the GBP/JPY pair tumbled from the pre-data level of 189.50 to a low of 188.84 levels.
Earlier today, the pair was rejected at the high of 189.97. Moreover, the resistance at 190.00 has been a tough barrier to break and sustain above throughout the last week.
GBP/JPY Technical Levels
The immediate support is seen at 188.67, under which the pair could target 187.78 levels. On the flip side, a break above 189.26 could push the pair back to 189.59 (hourly 100-MA).
GBP/JPY hovers around hourly 200-MA
The pair now trades at its hourly 200-MA located at 189.03 levels. The UK final PMI manufacturing reading came-in at 52.00, missing the estimate of 52.5. Consequently, the GBP/JPY pair tumbled from the pre-data level of 189.50 to a low of 188.84 levels.
Earlier today, the pair was rejected at the high of 189.97. Moreover, the resistance at 190.00 has been a tough barrier to break and sustain above throughout the last week.
GBP/JPY Technical Levels
The immediate support is seen at 188.67, under which the pair could target 187.78 levels. On the flip side, a break above 189.26 could push the pair back to 189.59 (hourly 100-MA).