GBP/JPY Price Analysis: Renews intraday high above 175.00 as UK employment data appears impressive GBPJPY Technical Analysis UnitedKingdom Employment ChartPatterns
e early hours of Tuesday’s London open. In doing so, the cross-currency pair justifies a strong UK employment report, as well as a rebound in the US Treasury bond yields.
On a different page, the US 10-year and two-year Treasury bond yields bounce off intraday low during a two-day losing streak, mildly offered near 3.74% and 4.57% respectively at the latest. However, an upward-sloping resistance line from May 28, close to 175.70 by the press time, can challenge the GBP/JPY bulls as the RSI line approaches the overbought territory.
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