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4 Jun 2013
GBP/JPY finds support at 152.85, back above 153.00
FXstreet.com (San Francisco) - After declining around 70 pips from the 153.50 area, the GBP/JPY fell to break below the 153.00 and test levels around 152.85, where the pair seems to have found support.
Currently the GBP/JPY is trading at 153.05, still 0.42% positive on the day. Short term perspective is now strongly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing lower while the Stochastic is neutral.
Above the 200 hours MA level at 153.15, next resistances are at 153.50 and 153.80. On the downside, supports are at 152.85, 152.50 and 152.00.
Currently the GBP/JPY is trading at 153.05, still 0.42% positive on the day. Short term perspective is now strongly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing lower while the Stochastic is neutral.
Above the 200 hours MA level at 153.15, next resistances are at 153.50 and 153.80. On the downside, supports are at 152.85, 152.50 and 152.00.