Forex: GBP/JPY bounces at 126.00, back to 126.50
Forex pairs in this Article »
GBP/JPY
FXstreet.com (San Francisco) - After declining around 50 pips from the 127.45, the Sterling has finally found support at 126.00 (lowest since October 15) against the Yen and the pair has begun to rise back toward the 126.50 zone.
Currently the GBPJPY is trading at 126.50, 0.35% below opening price. The FXstreet.com's Trend Index shows a pair Strongly Bearish and the Forex Studies say that CCI, Momentum and ROC are bullish in 15-minutes timeframe while the same indicators plus MACD are bearish in the 1-hour chart.
Levels to watch are 126.60, 127.00 and 127.45 in the upside. While in the downside, 125.50 and 124.75.
Currently the GBPJPY is trading at 126.50, 0.35% below opening price. The FXstreet.com's Trend Index shows a pair Strongly Bearish and the Forex Studies say that CCI, Momentum and ROC are bullish in 15-minutes timeframe while the same indicators plus MACD are bearish in the 1-hour chart.
Levels to watch are 126.60, 127.00 and 127.45 in the upside. While in the downside, 125.50 and 124.75.
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