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Sunday, May 19, 2013

GBP/JPY operates on 156.50 again

FXstreet.com (San Francisco) - the GBP/JPY is trading back above the 156.50 after being rejected by the level of 156,65 to find support in the 156,10 in the American session.

Currently the pair is operating at 156.50, 0.23% positive on the day. The prospect in the short-term is slightly bullish based on the index's trend of FXstreet.com on the 15 minute chart. Indicators such as MACD, CCI and Momentum are tiptoeing towards the North, whereas the stochastic is bearish.


Above 156.50, upcoming resistances are 156.75 and 157,00. On the negative side, 156.00, 155.65 and 155.40 are supports.

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