{"id":108301,"date":"2021-02-08T18:01:04","date_gmt":"2021-02-08T18:01:04","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108301"},"modified":"2021-02-08T18:01:04","modified_gmt":"2021-02-08T18:01:04","slug":"105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch\/","title":{"rendered":"GBP\/USD, GBP\/JPY, EUR\/JPY Levels to Watch"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hawkish BoE Supports GBP<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Be Wary of Exhaustion in Recent Trends<\/b><\/li>\n<\/ul>\n<p><b>HAWKISH BOE UNDERPINS GBP, BUT BE WARY OF EXHAUSTION IN RECENT TRENDS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">A hawkish stance from BoE reinforced a positive bias for the Pound. The central bank distanced itself from negative interest rates, saying that they will not be feasible for 6-months. This combined with a rapid covid vaccine rollout means that uncertainty over the UK outlook has eased since the turn of the year lifting the\u00a0\u00a0<\/span><span style=\"font-weight: 400;\">Pound. GBP bulls should pick crosses that have value.<\/span><\/p>\n<p><b>GBP\/USD<\/b><span style=\"font-weight: 400;\">: The uptrend remains intact with near-term resistance at 1.3740-60, which has capped advances in GBP, highlighting the possibility of some exhaustion in the pair. USD short-coverings could have further to run.<\/span><\/p>\n<p><b>GBP\/JPY<\/b><span style=\"font-weight: 400;\">: The cross is firmly in overbought territory as it targets last years\u2019 high at 144.95. Firmer risk appetite and rising optimism over the UK economy has sent GBP\/<\/span><a href=\"https:\/\/www.dailyfx.com\/jpy\"><span style=\"font-weight: 400;\">J<\/span><\/a><span style=\"font-weight: 400;\">P<\/span><a href=\"https:\/\/www.dailyfx.com\/jpy\"><span style=\"font-weight: 400;\">Y<\/span><\/a><span style=\"font-weight: 400;\"> surging. There could be more upside to be had although the fact that it is firmly in overbought territory does offer some cause for concern in the near term.\u00a0<\/span><\/p>\n<p><b>EUR\/GBP<\/b><span style=\"font-weight: 400;\">: Last week EUR\/GBP slumped to fresh multi-month lows at 0.8740-50with the <\/span><b>vaccine trade<\/b><span style=\"font-weight: 400;\"> in full swing. With the ECB talking down the currency and the BoE downplaying negative rates, there could be more losses to come.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hawkish BoE Supports GBP Be Wary of Exhaustion in Recent Trends HAWKISH BOE UNDERPINS GBP, BUT BE WARY OF EXHAUSTION IN RECENT TRENDS A hawkish stance from BoE reinforced a positive bias for the Pound. The central bank distanced itself from negative interest rates, saying that they will not be feasible for 6-months. This combined [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5533,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379,2675,1381],"tags":[1395,2649,1394,3121,1888,2673,1398],"class_list":{"0":"post-108301","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"category-jpy","10":"category-usd","11":"tag-eur","12":"tag-eur-gbp","13":"tag-gbp","14":"tag-gbp-jpy","15":"tag-gbp-usd","16":"tag-jpy","17":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD, GBP\/JPY, EUR\/JPY Levels to Watch - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD, GBP\\\/JPY, EUR\\\/JPY Levels to Watch\",\"datePublished\":\"2021-02-08T18:01:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch\\\/\"},\"wordCount\":230,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100606-gbp-eur-pound-perks-up-trade-talks.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\",\"gbp\\\/jpy\",\"gbp\\\/usd\",\"JPY\",\"usd\"],\"articleSection\":[\"EUR\",\"GBP\",\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105366-gbp-usd-gbp-jpy-eur-jpy-levels-to-watch\\\/\",\"name\":\"GBP\\\/USD, GBP\\\/JPY, EUR\\\/JPY Levels to Watch - 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