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GBP/JPY: investors are cautious in advance of the British electi on 06.05.2015

This week, the pair GBP/JPY is traded at the level of 181.65 (Fibonacci retracement of 23.6%). The price can neither break through this level nor rebound from it. Today is a day off in Japan; therefore all attention is given to the British currency. During the day the Pound has been under influence of the ambiguous factors. On the one hand, the British currency was supported by strong data on business activity index in the service sector, which rose up to 59.5 points in April.

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