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Forex: GBP/JPY falls to 152.21/24

FXstreet.com (Barcelona) - The GBP/JPY has fallen off the 152.65 handle Friday, dropping over 30 pips in recent minutes to entrench itself in negative territory. In these moments, the pair is trading at just 152.21/24 during European trading.

At this juncture the cross has fallen-0.56% off its opening Friday. According to the Mataf.net technical analyst team, the GBP/JPY will encounter its next resistive means of support at 151.80, followed by 150.44, and 149.45. Conversely, the pair is slated to face short-term resistance at 154.14, then 155.15, and ultimately 156.40.

The Bank of Japan maintained its unprecedented plan to boost money supply at a policy meeting today, yet the BOJ pledged to enlarge its monetary base. The BOJ’s decision came hours after data showed Japanese consumer prices fell more-than-estimated in March today to the most in two years, to add challenges on BOJ’s Governor, Kuroda, who pledges to end the 15-years deflation in two years.

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