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Forex: GBP/JPY retraces below 143.50

FXstreet.com (San Francisco) - After recovering from 142.30 to test the 144.00 level in the European session, the Sterling has been trading down against the Japanese Yen to price below 143.50 level. Currently the GBP/JPY is moving around 143.30.

Despite the previous losses, the GBP/JPY is trading positive with 0.23% gains from opening price. The GBP/JPY opened the day with a gap regarding Friday close but the pair is attempting to fill it and currently it is trading inside a slightly bullish trend according to the FXstreet.com Forex Studies.

CCI and Momentum are bullish in the 1-hour chart while the Mach and Stochastics are neutral. Next supports are at 142.30, 142.00 and 141.50. On the upside, resistances are at 143.85, 144.00 and 144.40.

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