GBP/JPY continues to move sideways after being unable to hold above 150.60. Pound shows vulnerability to the downside, continues to test 150.00. The GBP/JPY traded momentarily above 150.50/60 but failed to hold and pulled back, reaching levels under 150.00. It continues to move sideways after the decline from 153.00. Technical indicators are flatting, offering no clear signs. The bias is biased slightly to the downside. A consolidation below 149.90 would deteriorate the outlook, suggesting a test of the weekly low at 149.60. Below, the next target is seen at 149.00/10. A recovery above 150.60 would alleviate the bearish pressure, pointing to an extension to the 151.10/15 area (horizontal resistance / previous uptrend line). The next level to watch is 151.25 (20-day SMA). 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 Fed’s Harker: Fed policy is going to hold steady for now FX Street 2 years GBP/JPY continues to move sideways after being unable to hold above 150.60. Pound shows vulnerability to the downside, continues to test 150.00. The GBP/JPY traded momentarily above 150.50/60 but failed to hold and pulled back, reaching levels under 150.00. It continues to move sideways after the decline from 153.00. Technical indicators are flatting, offering no clear signs. The bias is biased slightly to the downside. A consolidation below 149.90 would deteriorate the outlook, suggesting a test of the weekly low at 149.60. Below, the next target is seen at 149.00/10. A recovery above 150.60 would alleviate the bearish pressure, pointing… 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.
