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Forex: GBP/JPY testing the 152.00 level

FXstreet.com (Barcelona) - The GBP/JPY has fallen off highs of 152.32 during the afternoon of European trading Wednesday. In recent moments, the cross has even lost its grip on the 152.00 level, testing the barrier, whilst recording 151.84/88 in these moments en route to a +0.20% advance.

Mataf.net analysts point to resistances at 152.48, onto 153.29, and finally 154.55. On the decline, a break below 150.41 will enable short-term supports at 149.15, and eventually 149.34.

“Holding below 152.40 is necessary to keep any bearish chances intact, as a break above it could ultimately signal a move towards the recent highs near 154.00.” notes the ICN.com analyst team.

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