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Forex: GBP/JPY testing the 150.00 level

FXstreet.com (Barcelona) - The GBP/JPY continues to trace lower, establishing fresh session lows in these moments as the downside appears to be clearly favored during European trading Tuesday. Following economic data in the United Kingdom, the cross is now trading at just 150.02/09 presently.

The pair is presently shedding -1.09% Tuesday. Following a breach of the 151.00 and 150.28 supports, Mataf.net analysts calculate the next measure of supportive correction at 149.66. Conversely, a break above 152.34 will initiate resistive measures at 152.96 and 153.68.

In the United Kingdom, Public Sector Net Borrowing came in at just £16.746B in March, missing expectations of £14.000B.

Forex: GBP/USD tests 1.5200 on UK PSNB

The British Pound is following the EUR downside since the London opening, since 1.5274 to encounter the psychological level at 1.5200 on the release of a wider rise in UK PSNB than expected in March. Following the test of that mark as support, the GBP/USD held above and is currently trading at 1.5215.
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