The GBP/JPY cross reversed an early dip to the 141.00 neighborhood, or over one-week lows, in reaction to stellar UK macro data, albeit lacked any strong follow-through. The British Pound got a minor boost after the latest UK monthly retail sales growth surpassed even the most optimistic estimates and came in to show 1.0% m/m growth in January, with the yearly rate jumping to 4.2%. Despite the upbeat report, the British Pound remained depressed amid continued drama surrounding Britain’s exit from the European Union, especially after the UK PM Theresa May’s government suffered yet another blow when the British Parliament rejected the revised Brexit deal on Thursday. This coupled with the prevalent cautions mood across global financial markets, as depicted by weaker tone around European equity markets, continued underpinning the Japanese Yen’s relative safe-haven demand and further collaborated to capping any meaningful up-move at least for the time being. With today’s key UK data out of the way, any incoming Brexit headlines might continue to act as an exclusive driver of the sentiment surrounding the British Pound and produce some meaningful trading opportunities. Technical levels to watch GBP/JPY Overview: Â Â Â Â Today Last Price: Â 141.16 Â Â Â Â Today Daily change %: Â -0.16% Â Â Â Â Today Daily Open: Â 141.38 Trends: Â Â Â Â Daily SMA20: Â 142.6 Â Â Â Â Daily SMA50: Â 141.29 Â Â Â Â Daily SMA100: Â 143.8 Â Â Â Â Daily SMA200: Â 144.79 Levels: Â Â Â Â Previous Daily High: Â 143.04 Â Â Â Â Previous Daily Low: Â 141.3 Â Â Â Â Previous Weekly High: Â 144.18 Â Â Â Â Previous Weekly Low: Â 141.12 Â Â Â Â Previous Monthly High: Â 144.85 Â Â Â Â Previous Monthly Low: Â 131.79 Â Â Â Â Daily Fibonacci 38.2%: Â 141.96 Â Â Â Â Daily Fibonacci 61.8%: Â 142.37 Â Â Â Â Daily Pivot Point S1: Â 140.77 Â Â Â Â Daily Pivot Point S2: Â 140.16 Â Â Â Â Daily Pivot Point S3: Â 139.03 Â Â Â Â Daily Pivot Point R1: Â 142.51 Â Â Â Â Daily Pivot Point R2: Â 143.65 Â Â Â Â Daily Pivot Point R3: Â 144.26 Â FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY rally may have ended and more falls could come Yohay Elam 3 years The GBP/JPY cross reversed an early dip to the 141.00 neighborhood, or over one-week lows, in reaction to stellar UK macro data, albeit lacked any strong follow-through. The British Pound got a minor boost after the latest UK monthly retail sales growth surpassed even the most optimistic estimates and came in to show 1.0% m/m growth in January, with the yearly rate jumping to 4.2%. Despite the upbeat report, the British Pound remained depressed amid continued drama surrounding Britain's exit from the European Union, especially after the UK PM Theresa May's government suffered yet another blow when the British Parliament… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.