GBP/JPY: Sellers stay in control as yen sees light gains - ConsultFX

GBP/JPY: Sellers stay in control as yen sees light gains

Price is trading in between near-term support and resistance levels ForexLive As the sterling crashed and burned yesterday following the soggy UK inflation report, price fell below the 200-hour MA (blue line) and tested below the 38.2 retracement level @ 147.21 but ultimately buyers stepped in on a test of the 10 July support @ 146.92.