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GBP/JPY able to claw back some losses, resistance at 154.50 still in focus

FXstreet.com (Barcelona) - The Sterling/Yen closed moderately higher, trading all the way up to 154.63 at one point during the day and finishing the New York session up 100 pips at 153.73. Economic data in the upcoming session which may influence the pair will be JPY Retail Sales (due out at 23:50GMT).

From a technical perspective, short term moving averages on the daily chart remain in bearish set up with price consolidating below both the 9 and 20 dma’s. This development may continue to limit advances in the coming session. The RSI (14) is still in a bullish set up, maintaining the 40-80 range. Given the fact the trend following and momentum indicators are displaying mixed signals; it would not be surprising to see some consolidation over the next few trading sessions.

The FXStreet.com Trend Index remains Slightly Bearish on the daily chart, while the OB/OS Index reads Neutral. Initial support sits at 152.63 (previous day low), followed by 152.25 (previous week low). Initial resistance sits at 154.63 (previous day high), followed by 155.30 (previous support, now resistance on daily chart).

EUR/JPY flat around 131.50 waiting for Kuroda

EUR/JPY is last at 131.48, pretty much unchanged for last few hours since early NY trade, as EUR/USD has been down while USD/JPY higher, thus balancing each other. The cross is off weekly highs at 132.18, printed at the NY open, up +0.35% for the week so far.
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