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5 Aug 2013
GBP/JPY retracing from 151.00 regions
FXstreet.com (Chicago) - GBP/JPY was unable to recover earlier losses despite multiple failed attempts to break through 151.00 regions.
On outlook for manufacturing and housing data to be released tomorrow morning in the UK, market participants seemed bearish against the sterling as yen strengthened on Monday and the pair accumulated 0.18% daily losses.
GBP/JPY Technical levels
Technically speaking, the price revealed bearish momentum as it traded at 150.90 between supports at 150.74 ahead of 150.36 and 149.99 and resistances at 152.12, 152.50 and 152.88. According to the FXstreet trend index for one-hour timeframe analysis, the pair was slightly bearish as CCI indicator pointed down.
On outlook for manufacturing and housing data to be released tomorrow morning in the UK, market participants seemed bearish against the sterling as yen strengthened on Monday and the pair accumulated 0.18% daily losses.
GBP/JPY Technical levels
Technically speaking, the price revealed bearish momentum as it traded at 150.90 between supports at 150.74 ahead of 150.36 and 149.99 and resistances at 152.12, 152.50 and 152.88. According to the FXstreet trend index for one-hour timeframe analysis, the pair was slightly bearish as CCI indicator pointed down.