15 Jul 2013
GBP/JPY retraces from 151.25 and trades back at 150.70
FXstreet.com (San Francisco) - After climbing 140 pips from 149.85, the GBP/JPY jumped above the 151.00 area and to reach a fresh intra-day high at 151.25, but the pair failed to hold this levels and it retraced to trade around 150.70.
The GBP/JPY is currently trading around 150.78, 0.35% positive on the day. The short term, however, is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral.
The pair is contained between support at 149.65 and resistance at 150.60. Danske Bank’s Technical Update offers RSI 9 at 43.47 and next support at 148.70, 148.30, 147.45. Next Resistance, 151.05, 151.60 and 152.20.
The GBP/JPY is currently trading around 150.78, 0.35% positive on the day. The short term, however, is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral.
The pair is contained between support at 149.65 and resistance at 150.60. Danske Bank’s Technical Update offers RSI 9 at 43.47 and next support at 148.70, 148.30, 147.45. Next Resistance, 151.05, 151.60 and 152.20.