26 Jul 2013
GBP/JPY recovers the 151.00 position
FXstreet.com (San Francisco) - Following a 152 pips decline from 151.95, the GBP/JPY finally found support at the 150.70 area where the pair was trading in consolidation mode for a couple of hours. Now the pair is attempting to recover ground above the 151.00 level.
GBP/JPY technical bias
Currently the pair is trading at 151.20, 1.02% negative on the day. The short term perspective is now slightly bullish in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the Stochastic and MACD are neutral.
Above the 151.00 area, the pair would face resistances at 151.60, 152.00 and 152.40. On the downside, 150.40, 150.00 and 149.75 are the levels to pay attention.
GBP/JPY technical bias
Currently the pair is trading at 151.20, 1.02% negative on the day. The short term perspective is now slightly bullish in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the Stochastic and MACD are neutral.
Above the 151.00 area, the pair would face resistances at 151.60, 152.00 and 152.40. On the downside, 150.40, 150.00 and 149.75 are the levels to pay attention.