GBP is one of the best performing major currencies today. British pound received a small boost from the release of the UK Q4 GDP. Data showed 1% QoQ expansion compared to expected 0.5% QoQ increase. Better-than-expected results were driven by higher government spending. GBPJPY is trading at the mid-term resistance zone at 144.70. Breaking above this zone would put the pair at the fresh one-year highs. On the other hand, should bulls fail to do so, GBPJPY may pull back towards the lower limit of the Overbalance structure at 141.10.
Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
