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Forex: GBP/JPY is unable to break above 156.00

FXstreet.com (San Francisco) - After falling from 156.45 to trade at intra-day lows at 155.35 in the European session, the GBP/JPY bounced back to test the 156.00 area but the pair was unable to break above this area. Currently the pair is trading at 155.55.

The GBP/JPY is trading 0.10% negative on the day. Short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish in the 15 minutes timeframe too.

Below the 155.35, next supports are at 155.05 and 154.75. On the upside, resistances are at 156.00, 156.40 and 156.70.

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