GBP/JPY Expansion of the UK’s GDP-induced fall from 1-week high

FXStreet – The new 1-Wohcenhoch was in the area of 145,50 formed and connecting the moved the GBP/JPY to around -70 Pips back, after the UK Q1 GDP disappointed. The selling pressure caused the Couple to 144,70 fall.

The second estimate of the UK GDP fell 0.2% (mom) and 2.0% (yoy) behind the forecast. The first estimate was 0.3% and 2.1%.

Important Levels

Under the 144,50, the next supports lie at 144,00 and 143,60. About 145,00 Resistors are located at 145.40-45, 146,00 and 146,60-65.

** FXStreet News Editorial, FXStreet**

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