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GBP/JPY regains 153.00 level

FXstreet.com (Barcelona) - The GBP/JPY has edged higher during European trading, regaining a grip on the 153.00 level Monday.

At the time of writing, the pair is now trading at opening levels, securing a marginal advance of +0.02%. The Mataf.net analyst team calculates the next resistances for the GBP/JPY at 154.03, followed by 155.52, and 156.42. On the pullback, the pair is set to face calculated support at 151.68, then 150.78, and ultimately 149.31.

According to the ICN.com Technical Analyst Team, “The GBP/JPY continues to move lower, resolving the bearish divergence seen on RSI momentum indicator. Moreover, the move may extend further towards the 50-day SMA at 150.00 area, followed by the key horizontal support and previous high at 148.00. Accordingly, we maintain our bearish view for the pair this week as well.”

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