{"id":178826,"date":"2023-10-22T06:17:39","date_gmt":"2023-10-22T00:47:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178826"},"modified":"2023-10-22T06:17:39","modified_gmt":"2023-10-22T00:47:39","slug":"gbp-jpy-reclaims-the-182-00-handle-on-friday-bump-and-run-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-jpy-reclaims-the-182-00-handle-on-friday-bump-and-run-crypto-news\/","title":{"rendered":"GBP\/JPY reclaims the 182.00 handle on Friday bump and run &#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 is seeing a bounce from near-term lows at 181.30 to settle out the trading week in familiar consolidation.<\/strong><\/li>\n<li><strong>Market sentiment is seeing a step back from safe havens, but lack of momentum in risk assets is limiting topside.<\/strong><\/li>\n<li><strong>UK Retail Sales missed, capping off recovery gains for the Guppy.<\/strong><\/li>\n<\/ul>\n<p>The GBP\/JPY is set to finish out the trading week on the north side of 182.00 with late Friday price action sifting around 182.20 after a broad-market sentiment rally is seeing safe haven assets take a step back, pushing down the Japanese Yen (JPY) and giving the Pound Sterling (GBP) to recover some ground.<\/p>\n<p>UK Retail Sales flopped on release, printing at -0.9% for September compared to August&#8217;s 0.4%, completely missing the forecast -0.3% and sending the Pound Sterling down to 181.30 against the Yen.<\/p>\n<p>Early Friday saw the Japanese National <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Consumer Price Index<\/a> (CPI) for September hit an annualized 3% versus August&#8217;s 3.2% reading for the same period, but market reaction was limited as the national inflation figure gets front-run by the Tokyo CPI reading which came in late September.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Technical Outlook<\/h2>\n<p>Momentum continues to bleed out of the GBP\/JPY on daily candlesticks, with the pair trading close or into the 50-day Simple Moving Average (SMA) near 183.30 since first declining into the 183.00 handle in September, and near-term consolidation has seen the Guppy trading into previous day levels for most of October.<\/p>\n<p>The GBP\/JPY&#8217;s constraining pattern leaves the pair adrift at the top end of the year&#8217;s highs, and the Pound Sterling remains up over 17% from 2023&#8217;s bottom bids set back in January near 155.35.<\/p>\n<p>With bullish opportunities quickly evaporating, any strength from the JPY will send the Guppy back down the charts in short order, with long-term technical support sitting at the 200-day SMA currently parked just below 174.00.<\/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 is seeing a bounce from near-term lows at 181.30 to settle out the trading week in familiar consolidation. Market sentiment is seeing a step back from safe havens, but lack of momentum in risk assets is limiting topside. UK Retail Sales missed, capping off recovery gains for the Guppy. The GBP\/JPY is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,409,255,250,252,247,253,249,256,254],"class_list":["post-178826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","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\/178826","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=178826"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178826\/revisions"}],"predecessor-version":[{"id":178827,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178826\/revisions\/178827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7199"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}