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Forex: GBP/JPY falls to test 144.00 level

FXstreet.com (San Francisco) - The Sterling is currently trading lower against the Japanese Yen and after falling around 120 pips from 145.20 in the latest couple of hours, the pair has tested the 144.00 support. Currently the GBP/JPY is trading around 144.20.

With 0.50% losses from opening price, the GBP/JPY is trading inside in a slightly bearish trend according to the FXstreet.com Forex Studies. Indicators such as CCI and Momentun are pointing lower while the MACD and the Stochastic are neutrals.

Next supports are 144.0, 143.70 and 143.20. Resistances are at 145.20, 145.80 and the 146.00 frontier.

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