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Forex: GBP/JPY jumps to fresh 4-years high above 155.50

FXstreet.com (San Francisco) - After rallies more than 150 pips on the last two hours from 154.00, the Sterling has broken above the 155.50 area to reach fresh highest level since August 2009 against the Japanese yen at 155.80.

Currently the GBP/JPY is trading at 155.45 following a brief period of consolidation between 155.10 and 155.50. The pair is slightly bullish according to the Fxstreet.com trend index. Indicators such as MACD, CCI and Momentum are bullish while the Stochastic is bearish in the 15-minute timeframe.

Above the 155.80, next resistances are at 156.00 and 160.00. On the downside, supports are at 155.10, 154.10 and 153.50.

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