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2 Mar 2015
GBP/JPY hovering around 184.50
FXStreet (Córdoba) - GBP/JPY rose after UK economic data to test 185.00 but it was unable to break above and pulled back afterwards, erasing daily gains. The pair is back below the level it had at the beginning of the week, but still holds in a trading range.
Since last week the pair is moving sideways between 183.50 and 185.00, holding a slightly bullish bias on a wider perspective. During the last hours it had been hovering around 184.50 after bottoming at 184.17.
GBP/JPY strong gains in February
Last month the pair had the best monthly performance since November 2013. Price rose from 176.30 toward 185.00. The upside was limited after the pound lost strength near the end of February in the market.
Since last week the pair is moving sideways between 183.50 and 185.00, holding a slightly bullish bias on a wider perspective. During the last hours it had been hovering around 184.50 after bottoming at 184.17.
GBP/JPY strong gains in February
Last month the pair had the best monthly performance since November 2013. Price rose from 176.30 toward 185.00. The upside was limited after the pound lost strength near the end of February in the market.