GBP/JPY finds support at 153.10

FXstreet.com (San Francisco) - After retracing from highs at 154.00, the GBP/JPY has founded support at the 153.10 level, where the pair bounced back to trade in consolidation mode around 153.50.

Currently the GBP/JPY is trading at 153.40, 0.20% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index. Indicators such as CCI and Momentum are pointing to the north while the MACD and the Stochastic are neutral in the 15-minute chart.

Above the 154.00 area, next resistances are at 154.60 and 155.00. On the downside, supports are at 153.10, 152.30 and 151.80.