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17 Jul 2013
GBP/JPY rejected by the 152.00 area, back to 151.00
FXstreet.com (San Francisco) - The Sterling has been rejected by the 152.00 area against the Japanese Yen and after falling around 100 pips, the GBP/JPY has tested the 150.90 level. Currently the pair is trading at 151.15.
With 0.65% daily gains, the short term perspective is now slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and momentum are pointing to the north while the MACD is neutral and the Stochastic is bullish.
Below the 151.00 area, next supports are at 150.60 and 149.90. On the upside, above the 152.00 level, next resistances are at 152.30 and 153.00.
With 0.65% daily gains, the short term perspective is now slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and momentum are pointing to the north while the MACD is neutral and the Stochastic is bullish.
Below the 151.00 area, next supports are at 150.60 and 149.90. On the upside, above the 152.00 level, next resistances are at 152.30 and 153.00.