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Forex: GBP/JPY at fresh highs at 152.70/78 following PMI in UK

FXstreet.com (Barcelona) - The GBP/JPY has been one of Friday’s most steadfast performers thus far, establishing session highs on the heels of a recent data release in the United Kingdom. In these moments, the pair is negotiating an exchange of 152.70/78 during European trading.

According to the Technical Analyst Team at ICN.com, “The GBP/JPY recently breached the 152.00-152.20 resistance, as it could be heading towards the top of the sideways range near 153.85 again. Accordingly, we expect the bullish move to extend today.”

In the United Kingdom, Markit Services PMI (April) came in at 52.9, against a projected figure of 52.4.

At this juncture, the cross is notching an advance of +0.40% - as such, the Mataf.net analyst team posits the next means of resistance at 153.39, followed by 154.47, and ultimately 155.69. On the decline, a break below 151.09 will trigger short-term supports for the GBP/JPY at 149.87, ahead of 148.79.

United Kingdom: Markit Services PMI (Apr): 52.9 vs 52.4 (Mar)

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