GBP/JPY dumps a big figure through 102 handle

FXStreet (Guatemala) - GBP/JPY has dumped from 102.80 and through the 102 handle as markets are working in tandem upon sudden risk aversion trading.

There are tensions building upon the Ukrainian situation with reports of Russian troop build-ups along the Ukrainian border. USD/JPY has broken below 102 and markets have turned heavily towards risk off mode.

GBP/JPY Levels

The 20 DMA is 170.75, the 50 DMA is 170.25 and the 200 DMA is 160.55. RSI (14) reads 49.54. Supports are ascending from 168.30 and 168.80. Spot is 169.58. Resistances are 170.15, 171.45, 172.10, 172.85 and 173.65.