GBP/JPY slipping below 143.50 as risk aversion builds for Friday
|- Guppy easing off of Thursday's gains as risk appetite skews for the week's end.
- China's data miss is sending investors further into safe havens as growth continues to slow for the Asian giant.
GBP/JPY is seeing steady declines in early Friday trading, testing into 143.30 as risk aversion sees investors stepping back into the safe-haven Yen as Pound traders grow uneasy about the next stages of Brexit.
Risk-off appears to be the flavour of the day for Friday, with the Yen picking up bids across the broader market, fueled by an upswing in Japan's Tankan data, which showed manufacturing bumping higher than expected, a welcome showing for the normally-sluggish Japanese economy, but riskier assets are seeing the wind sucked out of their sails as broader markets remain unsure amidst growing unease about the state of US-China trade relations.
China data did little to ease concerns in the mid-Asian session, with Chinese Retail Sales broadly missing expectations, and Pacific sector investors remain off-balance and leaning heavily into the safe haven side.
GBP/JPY Technical Levels
GBP/JPY
Overview:
Today Last Price: 143.31
Today Daily change: -56 pips
Today Daily change %: -0.389%
Today Daily Open: 143.87
Trends:
Previous Daily SMA20: 144.25
Previous Daily SMA50: 145.78
Previous Daily SMA100: 145.34
Previous Daily SMA200: 146.76
Levels:
Previous Daily High: 143.94
Previous Daily Low: 142.57
Previous Weekly High: 145.52
Previous Weekly Low: 142.84
Previous Monthly High: 149.5
Previous Monthly Low: 144.02
Previous Daily Fibonacci 38.2%: 143.42
Previous Daily Fibonacci 61.8%: 143.1
Previous Daily Pivot Point S1: 142.98
Previous Daily Pivot Point S2: 142.09
Previous Daily Pivot Point S3: 141.61
Previous Daily Pivot Point R1: 144.35
Previous Daily Pivot Point R2: 144.83
Previous Daily Pivot Point R3: 145.71
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.