31 Jul 2013
Turning game in GBP/JPY as its recovery breaks above 149.00
FXstreet.com (San Francisco) - The Sterling is currently trading higher against the Japanese Yen with the GBP/JPY recovering from 6-week lows at 148.30 and breaking above the 149.00 area to consolidate levels around 149.25.
Currently the GBP/JPY is trading at 149.20, 0.10% negative on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the stochastic is bearish.
Above the 149.25, the pair would face resistances at 149.50, 150.10 and 150.90. On the downside, below 148.30, supports are at 147.40 and 147.10.
Currently the GBP/JPY is trading at 149.20, 0.10% negative on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the stochastic is bearish.
Above the 149.25, the pair would face resistances at 149.50, 150.10 and 150.90. On the downside, below 148.30, supports are at 147.40 and 147.10.