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11 Mar 2015
GBP/JPY gains ahead of UK data
FXStreet (Mumbai) - The GBP/JPY pair advanced ahead of the data in the UK, which could show industrial production rose in January.
Gains capped at 100-DMA
The pair backed-off slightly after having failed to extend gains above the 100-DMA located at 183.03 levels. Moreover, the pair also faced resistance at 183.07, which is the 10-DMA level. Still, the pair is trading 0.19% higher at 182.87 levels ahead of the data in the UK, which is expected to show industrial production rose 1.3% in January. The December’s figure stands at 0.5%.
GBP/JPY Technical Levels
The pair has an immediate resistance at 183.07 (10-DMA), above which gains could be extended to 183.57 levels. On the flip side, support is seen at 182.41 (5-DMA) and 182.19 levels.
Gains capped at 100-DMA
The pair backed-off slightly after having failed to extend gains above the 100-DMA located at 183.03 levels. Moreover, the pair also faced resistance at 183.07, which is the 10-DMA level. Still, the pair is trading 0.19% higher at 182.87 levels ahead of the data in the UK, which is expected to show industrial production rose 1.3% in January. The December’s figure stands at 0.5%.
GBP/JPY Technical Levels
The pair has an immediate resistance at 183.07 (10-DMA), above which gains could be extended to 183.57 levels. On the flip side, support is seen at 182.41 (5-DMA) and 182.19 levels.