GBP JPY trying to expand recovery
12/2/2016 8:14:38 AM
The GBP/JPY is trying to expand the recovery from near 143.10 handle as we head into early Europe, as markets now look forward to the UK construction PMI report for fresh incentive.
Currently, GBP/JPY trades almost flat at 143.75, unable to chew offers placed at daily pivot (143.83). The GBP remains better bid against JPY in the early European morning, as the GBP bulls keep on to cheer comments from the UK’s Brexit minister Davis delivered yesterday.
The pair has an immediate persistence at 144.44, above which 145.10 could be tested. On the other hand, support is seen at 142.95 that at 142.45.
Written by FxErvin