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Forex: GBP/JPY jumps 210 pips to trade above 153.00

FXstreet.com (San Francisco) - The Sterling is enjoying the weak yen environment following the ECB decision to cut interest rate and Draghi's announcement on new measures. The GBP/JPY climbed around 210 pips in the latest hour from 151.15 to break the 152.20 resistance and to trade above the 153.00 region.

After reaching fresh highest level since April 26 at 153.25, the GBP/JPY is currently trading 0.88% positive on the day at 152.85. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing to the north while the Stochastic is bearish.

Above the 153.00 region, next resistances are at 153.25, 153.40 and 153.75. On the downside, supports are at 152.20, 151.00 and 150.75.

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