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22 Apr 2015

GBP/JPY rises above 179.00

FXStreet (Mumbai) - The British Pound is being bid higher after the release of BOE minutes, taking the GBP/JPY pair above 179.00 levels.

GBP/JPY: trades at two-week high

The pair rose to a two-week high of 179.30 after the BOE minutes released today showed policymakers expect the wage and price inflation to rebound eventually due to the faster pace of economic growth. The minutes also revealed all members agreed that it was more likely than not that the bank rate would rise over the 3 year forecast period.

GBP/JPY Technical Levels

The immediate resistance is located at 179.48 (50-DMA), above which gains could be extended to 180.13 (100-DMA). On the flip side, a break below 179.00 could push the pair back to the daily low of 178.44.

Apr 22, 2015

Outlook for FX majors – Littlefish FX

Analysts at Littlefish FX share the outlook and key levels for further direction for FX majors, with most pairs still trapped in ranges.

SEB: AUD/NZD sees a double bottom? - eFXnews

The Research Team at SEB, sees further bullish potential for AUD/NZD if the pair breaks above 1.0168, as shared by eFXnews.