The pair has recovered well over the 50-week moving average above 117.04. Sterling sparked a new wave displayed after the data release in the United Kingdom, which showed retail sales rising 5.7% on an annual basis and 0.7% on a monthly basis. However, this recovery may falter around current levels 177.24, where it is likely to remain strong yen amid risk aversion in the stock due to flows of the Japanese fiscal year end and the resettlement of the yen.