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28 Mar 2013
Forex: GBP/JPY unable to break above the 143.00 frontier
FXstreet.com (San Francisco) - After several attempts to break above the 143.00 resistance, the Sterling has been unable to break this level against the Japanese Yen and currently the pair is trading at 142.70. The GBP/JPY is trading in range between 142.20 and 142.90.
Almost flat on the day, the pair is slightly bullish according to the FXstreet.com forex studies. Indicators such as Momentum, and CCI are bullish while MACD and Stochastic are neutral in the 1-hour chart.
Above the 143.00 level, next resistances are at 143.50 and 143.80 (March 27th high). On the downside, supports are at 142.20, 142.00 (March 27 low) and 141.85 (March 25th low)
Almost flat on the day, the pair is slightly bullish according to the FXstreet.com forex studies. Indicators such as Momentum, and CCI are bullish while MACD and Stochastic are neutral in the 1-hour chart.
Above the 143.00 level, next resistances are at 143.50 and 143.80 (March 27th high). On the downside, supports are at 142.20, 142.00 (March 27 low) and 141.85 (March 25th low)