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3 Apr 2014
GBP/JPY breaks below 172.35
FXStreet (San Francisco) - The Sterling is currently trading lower against the Japanese Yen as the GBP/JPY is extending losses from 173.17 priced overnight to break below 172.35 and posts fresh lows for today around 172.25.
Currently, GBP/JPY is trading at 172.33, down 0.22% on the day, having posted a daily high at 173.17 and low at 172.25. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
RSI is neutral at 45.25, up from 41.99 at the last hour close, while ADX is trending at 32.78, up from 20.84 previous.
GBP/JPY levels to watch
Below the 172.35, next resistances can be seen at 172.67 (Hourly 20 EMA), 172.73 (Weekly High) and 172.78 (Monthly High). Supports can be found at 172.25 (Daily Low), 172.25 (Yesterday's Low) and 172.05 (Hourly 100 SMA).
Currently, GBP/JPY is trading at 172.33, down 0.22% on the day, having posted a daily high at 173.17 and low at 172.25. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
RSI is neutral at 45.25, up from 41.99 at the last hour close, while ADX is trending at 32.78, up from 20.84 previous.
GBP/JPY levels to watch
Below the 172.35, next resistances can be seen at 172.67 (Hourly 20 EMA), 172.73 (Weekly High) and 172.78 (Monthly High). Supports can be found at 172.25 (Daily Low), 172.25 (Yesterday's Low) and 172.05 (Hourly 100 SMA).