Investing.com - The British Pound was higher against the Japanese Yen on Monday after the release of Japanese data on GDP.
GBP/JPY was trading at 125.06, up 0.22% at time of writing.
The pair was likely to find support at 123.31, Wednesday’s low, and resistance at 125.82, Wednesday’s high.
Earlier in the day, preliminary official data showed that Japanese gross domestic product fell less-than-expected to a seasonally adjusted -0.3% in the last quarter from -0.9% in the preceding quarter.
Analysts had expected Japan’s GDP to fall -0.6% in the last quarter.
Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.01% to hit 1.6284 and EUR/GBP rising 0.28% to hit 0.8778.
GBP/JPY was trading at 125.06, up 0.22% at time of writing.
The pair was likely to find support at 123.31, Wednesday’s low, and resistance at 125.82, Wednesday’s high.
Earlier in the day, preliminary official data showed that Japanese gross domestic product fell less-than-expected to a seasonally adjusted -0.3% in the last quarter from -0.9% in the preceding quarter.
Analysts had expected Japan’s GDP to fall -0.6% in the last quarter.
Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.01% to hit 1.6284 and EUR/GBP rising 0.28% to hit 0.8778.