The GBP/JPY has reclaimed the 183.00 handle in Monday trading as broad-market risk flows turn risk-on, taking safe havens like the Japanese Yen (JPY)
The GBP/JPY caught a bounce on Monday as investors go risk-on. Tuesday sees UK labor and PMI data. Japan has a Tokyo CPI advance inflation reading to close out the week. down and bolstering the relatively riskier Pound Sterling into fresh highs. The Guppy is trading into its highest bids in over a week, landing just north of the 183.00 handle at 183.28 before a relief pullback drags the pair back down.
5% increase, and markets are forecasting that the CPI will hold steady at that number, printing 2.5% for the year into October. GBP/JPY Technical Outlook The GBP/JPY is getting dragged back into the 50-day Simple Moving Average on daily candlesticks as Monday's six-day high pins the Guppy into medium-term averages. The next topside level to beat will be the last swing high 183.82 before bidders can re-challenge multi-year highs set back in August beyond the 186.00 handle.
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