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GBP/JPY falls to test 153.50

FXstreet.com (San Francisco) - The Sterling's advance from Monday bottom at 152.35 has been capped at 154.60 with the pair trading back below the 153.00 area in the American session and test intra-day lows at 153.45.

Currently, the GBP/JPY is trading at 153.70, still 0.86% positive on the day. However, the short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is neutral.

Below the 153.50 area, next supports are at 153.20, 152.35 and 151.80. On the upside, resistances are at 154.60, 154.80 and 155.20.

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