26 Mar 2014
GBP/JPY falls to test 168.90
FXStreet (San Francisco) - The Sterling fell hard in the last hour against the Japanese Yen with the pair declining around 70 pips from 169.65 to find support at 55-hour MA at 168.90.
The GBP/JPY bounced at the 168.90 level and it recovered the 169.00 and now it is trading at 169.25, 0.12% positive on the day. The short term perspective remains strongly bearish according to the FXStreet's trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
GBP/JPY levels
On the recovery path, the GBP/JPY would face resistances at 169.65, 170.15 and 170.70. On the downside, supports are at 168.90, 168.40 and 168.10.
The GBP/JPY bounced at the 168.90 level and it recovered the 169.00 and now it is trading at 169.25, 0.12% positive on the day. The short term perspective remains strongly bearish according to the FXStreet's trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
GBP/JPY levels
On the recovery path, the GBP/JPY would face resistances at 169.65, 170.15 and 170.70. On the downside, supports are at 168.90, 168.40 and 168.10.