{"id":174263,"date":"2023-10-14T22:37:57","date_gmt":"2023-10-14T17:07:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=174263"},"modified":"2023-10-14T22:37:57","modified_gmt":"2023-10-14T17:07:57","slug":"gbp-jpy-sees-additional-losses-for-friday-ends-the-week-near-recent-lows-at-181-60-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-jpy-sees-additional-losses-for-friday-ends-the-week-near-recent-lows-at-181-60-crypto-news\/","title":{"rendered":"GBP\/JPY sees additional losses for Friday, ends the week near recent lows at 181.60 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The GBP\/JPY extended losses into Friday trading, tapping into 181.27 and ending the week on the low side.<\/strong><\/li>\n<li><strong>The Pound Sterling rose to 183.82 in the mid-week, but bad data buds and souring market sentiment sent the Guppy back into the week&#8217;s lows.<\/strong><\/li>\n<li><strong>Coming up next week: UK labor and wages figures on Tuesday, UK CPI on Wednesday.<\/strong><\/li>\n<\/ul>\n<p>The GBP\/JPY chalked in another red bar to settle Friday, bringing the pair back into range of the week&#8217;s lows set on Monday near 181.25, and the closing bell finds the Guppy trading into 181.60.<\/p>\n<p>The pair spent the first half of the trading week on the climb, tapping into four-week highs at 183.82 before market turned broadly risk-off and sent the Pound Sterling (GBP) sharply lower against the Yen (JPY), sending the GBP\/JPY down over 1% to end the trading week in the red, down about 60 pips.<\/p>\n<p>UK economic indicators broadly came in red for Thursday, with Manufacturing Production for August declining 0.8%, down from the forecast -0.4% and seeing a mild rebound from the previous -1.2%, which was revised sharply down from -0.8%.<\/p>\n<p>Coming up next week will be a quiet Monday on the Guppy&#8217;s calendar, with Tuesday opening up with a speech from the Bank of England&#8217;s (BoE) Huw Pill, followed by labor and wage data, with the UK&#8217;s Employment Change for August forecast to moderate from -207K to -195K, and Average Earnings are expected to hold steady at 7.8% for the quarter into August.<\/p>\n<p>After that will be the big read for the week on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">Pound Sterling<\/a> side with UK <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Consumer Price Index<\/a> (CPI) inflation figures on Wednesday, and investors will be looking for CPI inflation for September to tick upwards slightly from 0.4% to 0.3% as inflation pressures continue to weigh on the United Kingdom.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Technical Outlook<\/h2>\n<p>The GBP\/JPY slipped below the 200-hour Simple Moving Average (SMA) in Friday&#8217;s trading, declining from the day&#8217;s early high of 182.94.\u00a0<\/p>\n<p>On the daily candlesticks the GBP\/JPY remains well-bid, albeit with some bearish cracks starting to show; the 50-day SMA is capping off near-term price action from 183.40.<\/p>\n<p>The 180.00 handle has been holding steady as a technical floor for the Guppy, but this week&#8217;s turnaround from just south of 184.00 could see the GBP\/JPY facing a bearish extension if bidders aren&#8217;t able to scrape together enough confidence to pull the pair back up the charts.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Daily Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The GBP\/JPY extended losses into Friday trading, tapping into 181.27 and ending the week on the low side. The Pound Sterling rose to 183.82 in the mid-week, but bad data buds and souring market sentiment sent the Guppy back into the week&#8217;s lows. Coming up next week: UK labor and wages figures on Tuesday, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,842,257,276,409,255,250,252,247,253,249,256,254],"class_list":["post-174263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-currencies","tag-gbpjpy","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=174263"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174263\/revisions"}],"predecessor-version":[{"id":174264,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174263\/revisions\/174264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/1955"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}