এখন থেকে আমরা Elev8

আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?

GBP/JPY back above 50-week average

FXStreet (Mumbai) - The fresh bid wave in the GBP helped the GBP/JPY pair recover above the 50-week average located at 177.51, although the Yen’s safe haven appeal ensures the pair remains 0.17% weak for the day.

Supported at 177.20

The pair was supported at 177.20 levels earlier today, post which the pair recovered to trade at 177.75 levels. Amid the absence of a fresh economic data, the UK election uncertainty and weak Gilt yields are likely to influence the pair. The UK 10-year yield fell 1.4 basis points to 1.571%, which caps gains in the GBP.

At the moment, the pair appears stuck at the hourly 50-MA located at 177.77. Earlier today, the pair had clocked a high of 17818 levels.

GBP/JPY Technical Levels

The immediate resistance is located at 177.77 (hourly 50-MA), above which gains could be extended to 178.18. On the flip side, a break below 177.53 (5-DMA) and 176.93 (10-DMA).

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