GBP/JPY rebounds off lows on Carney speech

FXstreet.com (New York) – The GBP/JPY technical cross was suffering from heavy losses early on, now pared on the heels of the recent BoE insights Wednesday.

In the UK, Mark Carney stated that the UK recovery broad-based and forward guidance does not prevent BoE from adding to stimulus; he also championed the BOE to relax liquidity rules for banks meeting 7% capital level.

GBP/JPY strategic bias

According to the Technical Analyst Team at ICN.com, “The GBP/JPY steadied below 151.40, altering the intraday trend to bearishness, which will target preliminarily areas of 149.20. Momentum indicators’ positivity may push for a retest to 151.40 – …read more