GBP/JPY is moving in a range between 149.80 and 150.60. The pound still shows some vulnerability to the downside, needs to recover above 150.60. The GBP/JPY traded below 150.00, but it rose back above, holding firm to the current consolidation range, after the sharp slide from a multi-year high above 153.00 to 149.60. The bias still favors the downside the area around 150.00 is becoming a strong support. A close below would clear the way for a test of the recent low at 149.60, and then to 149.45. Below the next support stands at 149.10. A recovery above 150.60, the 20 simple moving average in four hours chart, would alleviate the bearish pressure and would open the doors for a test of 151.05/10 (horizontal resistance / previous uptrend line). Above 151.25 (20-day SMA), the outlook for the pound would improve. GBP/JPY 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Euro to weaken further, to drop to 1.15 by year-end – CE FX Street 2 years GBP/JPY is moving in a range between 149.80 and 150.60. The pound still shows some vulnerability to the downside, needs to recover above 150.60. The GBP/JPY traded below 150.00, but it rose back above, holding firm to the current consolidation range, after the sharp slide from a multi-year high above 153.00 to 149.60. The bias still favors the downside the area around 150.00 is becoming a strong support. A close below would clear the way for a test of the recent low at 149.60, and then to 149.45. Below the next support stands at 149.10. A recovery above 150.60, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
