GBP/JPY's recovery unable to break above 151.00

FXstreet.com (San Francisco) - After bouncing at the 149.65 area and advancing around 140 pips in the European session, the GBP/JPY has been unable to trade above the 151.00 area and now the pair is moving sideways in between 151.50 and 150.90.

Currently, the GBP/JPY is pricing at 150.80, almost flat on the day. Short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend index. Indicators are mixed as the Momentum is pointing to the south while the CCI is positive and the MACD and Stochastic are neutral.

Above the 151.00 area, next resistances are at 151.45 and 151.75. On the downside, supports are at 151.50, 149.65 and 149.40.

Jun 25, 2013

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