GBP/JPY finds support above 181.00

FXStreet (Córdoba) - Cable is falling modestly against the yen on Monday, retreating for the third day in a row from multi-year highs. GBP/JPY is trading at 181.50, down 0.20% for the day so far, around the level it traded during most of the Asian session.

Despite falling, the pair has been able to trim losses. Hours ago the pair bottomed at 181.04, hitting the lowest price in a week and then bounced to the upside.

GBP/JPY between 181.00 and 182.00

The area around 181.00 capped the decline and the pair turned to the upside. On the opposite direction, the immediate resistance level to consider, lies slightly below 182.00, where daily highs are located.