The GBP/JPY extended its losses for the second straight day after the cross-pair retreated from around the year-to-date (YTD) high of 200.74, hit on May 29.
GBP/JPY slips to 199.68 after hitting YTD high of 200.74 on May 29. Technical indicators show momentum fading, with RSI exiting overbought conditions. Key support levels: Kijun-Sen at 199.03, Senkou Span A at 197.54, and Tenkan-Sen at 196.05. The GBP/JPY extended its losses for the second straight day after the cross-pair retreated from around the year-to-date high of 200.74, hit on May 29. At the time of writing, the pair trades at 199.68, posting modest losses of 0.24%.
If GBP/JPY drops below the Kijun-Sen of 199.03, that would sponsor a dip to the Senkou Span A at 197.54. Further losses lie below 197.00, kike the Tenkan-Sen at 196.05. On the other hand, if buyers reclaim 200.00, look for renewed buying that can push the exchange rate to challenge the YTD high of 200.74. GBP/JPY Price Action – Daily Chart GBP/JPY Overview Today last price 199.7 Today Daily Change -0.53 Today Daily Change % -0.26 Today daily open 200.23 Trends Daily SMA20 196.84 Daily SMA50 194.
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