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Forex: GBP/JPY capped at 154.00 region

FXstreet.com (Barcelona) - The GBP/JPY broke higher to test the 154.00 region Thursday, bolstered by upbeat economic data out of the United Kingdom. However, during European trading, the failed summit of this region capped the upside and subsequently drove the pair back into negative territory in these moments. Presently, the pair is now settling at 153.69/72, down a modest -0.03% ahead of the BoE decision at 11:00 GMT.

In the United Kingdom, Industrial Production (YoY and MoM) came in at -1.4% in March (against expectations of -1.6%) and +0.7% in March (vs. a consensus of +0.2%) respectively. Finally, Manufacturing Production (YoY) fell -1.4% in March, relative to projections of -2.0%.

According to the Mataf.net technical analyst team, the GBP/JPY will encounter its next short-term supports at 152.95, followed by 152.27, and 151.68. Conversely, the pair is slated to face resistance at 154.22, then 154.81, and ultimately 155.49.

Greece Unemployment Rate (MoM) (Feb): 27% vs 26.7% (Jan)

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