{"id":65471,"date":"2022-05-17T02:23:00","date_gmt":"2022-05-16T22:23:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=65471"},"modified":"2022-05-17T03:11:29","modified_gmt":"2022-05-16T23:11:29","slug":"gbp-jpy-eases-eying-uk-jobs-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-jpy-eases-eying-uk-jobs-data\/05\/17\/market-updates\/","title":{"rendered":"GBP\/JPY Eases, Eying UK Jobs Data"},"content":{"rendered":"\n<p>The GBP\/JPY has faded from a two-day rebound near 159.00 as traders await UK data during Tuesday\u2019s Asian session. The cross-currency pair remains inside a one-month-old descending trend channel formation, recently firmer around the 50% Fibonacci retracement (Fibo.) of December 2021 to April 2022 upside.<br><br>The GBP\/JPY pair\u2019s breakout of 50% Fibo enables the quote to aim for further upside. However, bearish MACD signals and a strong resistance to the north comprising the 50-day EMA and upper line of the stated channel, near 160.35-30, could challenge the buyers. Meanwhile, a clear upside break of the 160.35 won\u2019t hesitate to aim for the monthly high surrounding 163.90.<br><br>Alternatively, pullback moves may aim for the 50% and 61.8% Fibonacci retracement levels, respectively near 158.65 and 156.35. Even so, the 200-day EMA and an upward sloping support line from late 2021, close to 156.00 and 152.70 in that order, will act as the last defenses for buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/JPY has faded from a two-day rebound near 159.00 as traders await UK data during Tuesday\u2019s Asian session. The cross-currency pair remains inside a one-month-old descending trend channel formation, recently firmer around the 50% Fibonacci retracement (Fibo.) of December 2021 to April 2022 upside.The GBP\/JPY pair\u2019s breakout of 50% Fibo enables the quote to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":62779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8608,9631],"class_list":["post-65471","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-gbp-jpy","tag-uk-jobs"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=65471"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65471\/revisions"}],"predecessor-version":[{"id":65475,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65471\/revisions\/65475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62779"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=65471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}