OctaFX | OctaFX Forex Broker
Open trading account

GBP/JPY rejects the 156.50

FXstreet.com (San Francisco) - After bouncing at the 155.80 area to trade above the 156.00 and to test the intra-day high at 156.50, the GBP/JPY has been rejected by this level with the pair falling back to the 156.00 zone.

Currently the USD/JPY is extending loses from 156.50 to price at 156.10. However, the pair is still 0.25% positive on the day and slightly bullish according to the FXstreet.com trend index in the 15 minutes chart. The CCI is Bearish while the Momentum is bullish and the MACD is neutral.

Next support comes at 156.00, ahead of 155.80 and 155.40. On the upside, 156.50 is the next resistance, before attacking 156.75 and 157.00.

Forex: US Dollar Index grinding lower

Poor data from the US labour market and the manufacturing sector have dented the USD rally, sparking a correction lower to the current area of 83.80/85 after Wednesday’s yearly highs above 84.00...
Read more Previous

Forex: EUR/USD hovering over 1.2900

After climbing to fresh intraday highs in the vicinity of 1.2930 post-US data, the bloc currency has returned to the area of the key level at 1.29, as the NA session is drawing to a close....
Read more Next
Start livechat