The GBP/JPY continues to struggle to push decisively in either direction and has been constrained between the 182.00 and 181.00 major levels for the p
The early trading week saw limited economic data releases for bothSterling and the Japanese Yen , but the week is set to close out with meaningful data for both sides of the Guppy.
Friday sees the Tokyo Consumer Price Index inflation reading for Japan, which last printed at 2.9% for the headline annualized figure in August. September's Core Tokyo CPI last saw 4.0% for the same period, and Yen bidders will be watching closely.
On the daily candlesticks, the GBP/JPY is dragging back into the 100-day Simple Moving Average just above 180.00, with the 200-day SMA far below current bid levels near 172.00. The Guppy's medium-term walkback is seeing limited downside, but the slow-motion downside is seeing technical starting to signal oversold conditions, with the Relative Strength Index approaching the lower boundaries on a 14-day rolling basis.
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