Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBPJPY hovers near yesterday low as BOJ kept rates unchanged, markets eye Kuroda speech

Major support -144.58 (200-day MA)

 

GBPJPY is consolidating after hitting low of 144.40 yesterday.Overall weakness was mainly due to Brexit uncertainty.BOJ has kept its rates unchanged as expected and trimmed its growth and inflation forecasts.The pair hits intraday low of 144.48 after the policy and is currently trading around 144.55. Markets eye BOJ governor Kuroda speech for further direction. GBP is trading lower against USD and has lost more than 100 pips in past tow trading days..

 

On the lower side, any daily close below 144.58 confirms major weakness and a decline till 143.75-80 possible.

 

The near term resistance is around 145 and any break above will take the pair to next level till 145.61/146.

 

It is good to sell on rallies around 145-145.10 with SL around 145.61 for the TP of 143.75.

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 17 14:00 UTC Released

USU Mich 1Yr Inf Prelim

Actual

2.8 %

Forecast

Previous

2.5 %

May 17 14:00 UTC Released

USYr Inf Prelim

Actual

2.6 %

Forecast

Previous

2.3 %

January 31 00:00 UTC 681892681892m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 681892681892m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 693712693712m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 681892681892m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 693712693712m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 681892681892m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 681892681892m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 681892681892m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.