GBP/JPY jumps to test key 179.00

FXStreet (San Francisco) - The Sterling is rising against the Japanese Yen and after rebounding at 177.80, the GBP/JPY rallied over 100 pips to test the 179.00 key level.

Currently, GBP/JPY is trading at 178.83, down 0.02% on the day, having posted a daily high at 179.06 and low at 177.85. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

GBP/JPY levels

Above the 179.00, the GBP/JPY will find next resistances at 179.20, 180.00 and 180.20. To the downside, 177.80, 177.20 and 176.80.