GBP/JPY's advance is capped at 169.25

FXStreet (San Francisco) - The Sterling's advance against the Japanese yen from 168.40 has found resistance at 169.25 where the pair was rejected and launched back to price at 169.00.

The GBP/JPY is currently trading at 169.05, 0.23% positive on the day. The short term perspective remains strongly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.

GBP/JPY levels

Above the 169.25, the GBP/JPY would face resistances at 169.40 and 169.70. On the downside, supports are seen at 168.85, 168.40 and 168.10.