GBP/JPY steadies near 163.20, after rising for the last three days, during the initial Tokyo session on Wednesday.
The cross-currency pair, however, remains on the bear’s radar as it has repeatedly failed to cross the 100-SMA in the last few days. Also keeping sellers hopeful is the looming bear cross on the MACD.
However, a clear downside break of the weekly support line near 162.70 becomes necessary for the GBP/JPY sellers to retake control.
Following that, a downward trajectory towards 161.00 and the 160.00 psychological magnet can’t be ruled out. Though, the monthly low near 159.45 might challenge the bears afterward.
On the contrary, a convergence of the 100-SMA and the 50% Fibonacci retracement of the June-August downside, near 163.60 restricts the immediate upside of the GBP/JPY pair.
Also acting as an upside filter is the 200-SMA and 61.8% Fibonacci retracement level, respectively around 163.90 and 164.70.
It should be noted that the GBP/JPY bulls remain skeptical until the quote stays below the downward sloping resistance line from late June, around 165.75 by the press time.
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EUR/USD continues to decline toward 1.0250 during the American trading hours on Friday. After the data published by the UOM showed that the long-run inflation outlook rose to 3% in August from 2.9% in July, the dollar gathered strength against its rivals, weighing on the pair.
GBP/USD is trading deep in negative territory near 1.2100 during the American session on Friday. With the UoM's Consumer Sentiment Survey pointing to a modest increase in the long-run inflation outlook, the US Dollar Index extended its rally, reflecting a broad dollar strength.
Gold stays relatively resilient on Friday and trades modestly higher on the day above $1,790. Although the greenback continues to outperform its rivals on the latest US data, falling US Treasury bond yields help XAU/USD hold in positive territory.
Shytoshi Kusama, the project leader of Shiba Inu announced the launch of Shiba Eternity for Vietnamese players. The game is available for testing and the team has asked users for their review.
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