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Forex: GBP/JPY tests 2-week highs at 153.75

FXstreet.com (San Francisco) - After rising around 235 pips from the 151.40, intra-day low in the European session, the GBP/JPY has tested the highest level since April 11 at 153.75. After that, the pair has been trading in consolidation mode for the last two hours.

At this moment, the GBP/JYP is pricing at 153.40, 0.95% above opening price action. Pair is slightly bullish according to the FXstreet.com trend index. Indicators such as CCI and Momentum are pointing north while the MACD and the Stochastic are neutral in the 15-minutes chart.

Above the 153.75, next resistance is at 153.85 (April 11 high) ahead 154.00. On the downside, supports are at 152.50, 152.00 and 151.45.

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