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Thomson Reuters
May 28 - 11:00 PM
GBP/JPY - On Back-Foot, Nearing Breaking Point
First appeared on eFXplus on May 28 - 08:45 PM
  • GBP/JPY trading heavy and at recent lows, 145.24 5/25, 145.28 5/28.
  • Low so far in Asia today 145.30, high 145.71, bias down.
  • Test of 144.91, 145.04 lows March 2, 5 in works.
  • Lower Gilt yields, weak data and less-hawkish BoE outlook helping.
  • Break below March lows projects test towards 139-low in August '17.
  • Base of weekly Ichi cloud 144.48, 100-WMA 143.27 below.

GBP/JPY: Click here

Yield on Gilt 10s: Click here

Source:
Thomson Reuters IFR Markets

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