- GBP / JPY failed to maintain its reputation above 153.00.
- Nervousness over increased covid-19 cases in Europe boosted the yen.
GBP / JPY climbed to 153.17, marking a new high, and then rapidly retreated towards the 152.80 area. It remains in positive territory for the day, although far from the highs and still close to the weekly low.
The crossing could not hold above 153.00, which implies the continuity of some weakness. Concerns about the spread of the highly contagious delta variant of the coronavirus continued to weigh on investor sentiment and acted as a tailwind for the Japanese yen. The drop in Treasury yields also favored the yen.
On the other hand, lingering Brexit-related uncertainties weighed a bit on the pound. The latest news in this regard was that the Vice President of the European Commission, Maroš Šefčovič, warned that the European Union will intensify judicial procedures without the United Kingdom moving to correct the violation of the Brexit agreement on Northern Ireland.
The weakness of the dollar contributes as a factor of support to the pound, although if it gains momentum again it could be a negative factor. The key data ahead are the minutes of the last meeting of the Federal Reserve, which can generate large movements in the market.
Technical levels
GBP/JPY
| Panorama | |
|---|---|
| Today’s Last Price | 153.05 |
| Today’s Daily Change | 0.34 |
| Today’s Daily Change% | 0.22 |
| Today’s Daily Opening | 152.71 |
| Trends | |
|---|---|
| SMA of 20 Daily | 153.99 |
| SMA of 50 Daily | 153.89 |
| SMA of 100 Daily | 152.13 |
| 200 SMA Daily | 145.85 |
| Levels | |
|---|---|
| Daily Previous Maximum | 154.08 |
| Daily Previous Minimum | 152.36 |
| Weekly Preview Maximum | 154.23 |
| Weekly Prior Minimum | 152.62 |
| Monthly Previous Maximum | 155.94 |
| Minimum Previous Monthly | 151.32 |
| Daily Fibonacci 38.2% | 153.02 |
| Daily Fibonacci 61.8% | 153.42 |
| Daily Pivot Point S1 | 152.02 |
| Daily Pivot Point S2 | 151.33 |
| Daily Pivot Point S3 | 150.3 |
| Daily Pivot Point R1 | 153.74 |
| Daily Pivot Point R2 | 154.76 |
| Daily Pivot Point R3 | 155.45 |
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