GBP/JPY pinning back into the week's highs as market risk appetite recovers for Friday

The GBP/JPY is catching a late-week lift as investors jump back into risk assets.
Market sentiment has flipped positive to close out the trading week.
The US NFP printing has sent the entire market broadly risk-on and most pairs are recovering the week's downside action.

Joshua Gibson FXStreet

The GBP/JPY is tapping into the week's highs near 182.80 after catching a firm lift on rebounding investor market sentiment, climbing a full 1% from the day's lows just past the 181.00 handle and is now testing 182.75 after a 180-pip climb.

Broader markets went firmly risk-on following the US Non-Farm Payrolls (NFP) data beat, with the NFP showing 336K jobs added to the US economy, well above the forecast 170K. Market sentiment has turned firmly bullish on the bumper reading, sending risk assets back into weekly highs, sending markets broadly into the green for the Friday trading session.

The GBP/JPY tapped into 182.80 on the post-NFP market run-up, and is currently trading into 182.70 as the trading week wraps up another Friday session.

Japanese Labor Cash Earnings missed expectations in the early Friday trading session, holding flat at the previous printing of 1.1% and flubbing market expectations of a rise to 1.5%, and Guppy traders will be looking ahead to Monday's UK BRC Like-For-Like Retail Sales on Monday, which last showed similar retail sales rising 4.3% for the annualized period into August.

GBP/JPY technical outlook

The GBP/JPY is set to close out Friday's trading session firmly bid, testing the week's highs near 182.80 after rising from Friday's early lows near the 181.00 psychological level.

The GBP/JPY is catching a near-term bullish bounce on the daily candles, climbing from Tuesday's low near 178.00 and lifting into the 50-day Simple Moving Average (SMA) just north of current price action at 183.36.

The Guppy has been treading water in firmly bullish territory in the long-term, with candlesticks still trading well above the 200-day SMA at 172.00, and the tricky challenge for GBP/JPY bidders will be pushing the pair back above August's highs past the 186.00 handle.

GBP/JPY daily chart

GBP/JPY technical levels

GBP/JPY

Overview
Today last price	182.74
Today Daily Change	1.68
Today Daily Change %	0.93
Today daily open	181.06

Trends
Daily SMA20	182.3
Daily SMA50	183.33
Daily SMA100	181.06
Daily SMA200	172.15

Levels
Previous Daily High	181.08
Previous Daily Low	180.29
Previous Weekly High	183.03
Previous Weekly Low	180.89
Previous Monthly High	185.78
Previous Monthly Low	180.82
Daily Fibonacci 38.2%	180.78
Daily Fibonacci 61.8%	180.59
Daily Pivot Point S1	180.54
Daily Pivot Point S2	180.02
Daily Pivot Point S3	179.75
Daily Pivot Point R1	181.33
Daily Pivot Point R2	181.6
Daily Pivot Point R3	182.12

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.