GBP/JPY finished the week on the back foot

FXstreet.com (London)-FXstreet.com (London)-weekend on the back foot GBP/JPY GBP/JPY has been down on the week and continued in the closing hours of the offer.

GBP/JPY has attempted a run but encountered more 168.00 through deals that reduced the couple and brought back into the handle 167 momentarily. Derek Halpenny, a strategist at the Bank of Tokyo-Mitsubishi UFJ, Ltd explained the most recent support for the dollar came from news that the House passed granted US budget deal last night and passed it with ease. by 332-94 votes. This kept the GBP/JPY cross on back foot even with Sterling much lower as a result.

GBP/JPY Levels

The 20 DMA 50 DMA is 165.85, 160.95 and DMA 200154.00. RSI (14) 28.18 law. Supports are ascending from 166.85, 167.25 and 167.40. Spot is with resistance to 168.21 168.20, 169.65, 170.05, 171.35, 173.00 and 173.65.

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