GBP/JPY back towards session high

FXstreet.com (Barcelona) - GBP/JPY has been heading back towards the sessions high 149.89 and currently prints 149.71 at the time of writing.

GBP/JPY is following suite of USD/JPY which is performing 0.43% up since overnights open. We have seen weaker than expected Q2 GDP results that arrived overnight while this week we will see some life in the cross with US job data dominating at the end of the week. First up we will have the BoJ minutes overnight and then the UK CPI and BoE minutes.

GBP/JPY sidelined

GBP/JPY is a bit of a mixed bag technically speaking, feeling pressures of the Moving Average 50 that is appeasing the bears for a test o the 147.65 support line, while RSI is offering signals of the downward momentum slowing up. The 20 dma is 151.05, 50 dma 150.85 and 200 dma comes as 145.00. RSI (9) reads 39.59. Supports are ascending from 146.55, 147.15, 147.45, 147.65. Spot is currently 149.78 while resistances are 150.00 150.70 151.55 and 151.85.