GBP/JPY hesitates above 185.00 with bulls losing steam
16.01.2024, 10:51

GBP/JPY hesitates above 185.00 with bulls losing steam

  • The Sterling remains trapped within previous ranges with bullish momentum fading.
  • Risk aversion and Weak UK employment figures are weighing on the GBP.
  • In Japan, hopes that the BoJ will stand pat next week are keeping  Yen bulls in check.


Sterling’s rebound from the 148.50 area has been capped right above 145.00. The pair is moving without a clear direction on Tuesday, with risk aversion weighing on the Pound, and the bullish momentum witnessed in early January losing steam.

Unemployment claims increase and wages slow down in the UK

Earlier today, the UK employment report increased negative pressure on the GBP/. Unemployment claims increased at their fastest rate since June, while earnings increased by 6.5% year-on-year, below the 6.8% expected and well below last month's 7.2% increment.

These figures suggest that the labour market might be weakening, which would ease inflationary pressures, ultimately allowing the BoE to bring rate cuts to the table.

In Japan, last week’s figures showed lower inflationary pressure, anticipating a weak CPI reading later this week. This eases pressure on the BoJ to exit its ultra-loose policy which is keeping the Pound from a deeper reversal.

From a technical perspective, the broader trend remains bullish, with the immediate price action trapped within a horizontal range. Resistances are 186.15 and 187.55.  Supports lie at 184.50 and 182.70.
 

Technical levels to watch

 

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik