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Forex: GBP/JPY finds support at 151.10, back above 151.50

FXstreet.com (San Francisco) - After falling around 160 pips in the American session from 152.70, the GBP/JPY has found support at 151.10 where the pair has bounced back to trade above the 151.50 level. Currently the pair is pricing at 151.65.

The GBP/JPY is trading 1.0% negative on the day. Pair is slightly bearish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing south while the Stochastic is bullish in the 15-minutes chart.

Below the 151.10, next support comes at 151.10 ahead of 150.45 and 150.00. On the upside, resistances are at 151.90, 152.70 and 153.40.

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