The Pound Sterling lost some ground against the Japanese Yen late in the North American session on Thursday, amid a risk-off impulse, following softer-than-expected UK Services PMI figures.
GBP/JPY falls to 191.65, cautious after missing week's high, affected by weak UK services data. Further decline risk, with support at Tenkan-Sen, Senkou Span A. Japanese intervention concerns limit movement, market awaits new direction signals. At the time of writing, the GBP/JPY trades at 191.65, losing 0.12%. GBP/JPY Price Analysis: Technical outlook After bouncing off two-week lows of 190.03, the GBP/JPY registered back-to-back bullish sessions but failed to extend beyond 192.
59, which could open the door to extend its losses past the Tenkan-Sen at 191.14. Once surpassed, the GBP/JPY next stop would be the Senkou Span A at 190.94, followed by the Kijun-Sen at 190.74. Further weakness could drive price action to April’s low of 190.03. GBP/JPY Price Action – Daily Chart GBP/JPY Overview Today last price 191.29 Today Daily Change -0.64 Today Daily Change % -0.33 Today daily open 191.93 Trends Daily SMA20 190.54 Daily SMA50 189.55 Daily SMA100 186.9 Daily SMA200 184.
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