GBP/JPY between 170.00 and 171.00

FXStreet (Córdoba) - The GBP/JPY is rising moderately on Friday but is still headed toward a weekly decline. During the European session fell to 170.20 but then bounced sharply and rose to 171.01. Currently trades at 170.66, up 0.06%.

GBP/JPY another decline but above 170.00

The Pound is about to suffer the second weekly decline in a row against the Yen. The Japanese currency was among the best performer across the board during the week.

Despite falling the GBP/JPY managed to hold above 170.00, that is an important short term support. To the upside, resistance might lie at 171.00 and above here 172.20, 173.00 and then 173.50.