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GBP/JPY's bounce at 155.10 is capped at 155.55

FXstreet.com (San Francisco) - After declining around 150 pips in the European session from 156.55 to find support at 155.10, the GBP/JPY bounced at this level but the recovery was capped at 155.55. The pair is currently trading around 155.35.

The GBP/JPY is 0.40% down on the day. However, short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators are mixed as the CCI is pointing bearish while the Momentum is bullish and the MACD and Stochastic are neutral.

Below the 155.10, next supports are at 154.95 and 154.60. On the upside, resistances are at 155.50, 155.85 and 156.50.

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