GBP/JPY drops below 189.50

FXStreet (Mumbai) – The GBP/JPY was offered at a high of 189.98 after which it fell into losses to trade at 189.41 levels.

GBP/JPY: Repeated failure to close above 190.00

The pair has failed for the third consecutive session around 190.00 levels. In the previous session, the pair clocked a high of 190.69 before ending the day lower at 189.66. Moreover, the GBP/USD was offered at the technical resistance at 1.5330, leading to a drop to 1.5292 levels. On the other hand, the USD/JPY pair trades largely unchanged for the day at 123.80. Consequently, the GBP/JPY cross fell into losses to print a session low of 189.30.

GBP/JPY Technical Levels

The immediate support is seen at 189.00, under which losses could be extended to 188.60. On the flip side, a break above 189.50 could drive the pair higher to 190.00 levels.

The GBP/JPY was offered at a high of 189.98 after which it fell into losses to trade at 189.41 levels.

(Market News Provided by FXstreet)