GBP/JPY jumps above 178.50

FXStreet (Tokyo) - The Sterling is rallying against the Japanese Yen and following a 100 pips climbing from 177.55, the EUR/JPY is now trading at highs of the days above 178.50.

Currently, GBP/JPY is trading at 178.64, up 0.54% on the day, having posted a daily high at 178.68 and low at 177.49. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.

GBP/JPY levels

If the pair extends gains, it will find next resistances at 178.75, 179.00 and 179.30. To the downside, supports are at 178.20, 178.00 and 177.80.