6 Jun 2013
GBP/JPY capitulates and falls 350 pips to 150.00
FXstreet.com (San Francisco) - The Sterling is currently collapsing against the Yen and after falling around 350 pips from 153.50, the GBP/JPY tested the 150.30 area. Currently it is trading at 151.00.
The GBP/USD is now 1.20% down on the day, Short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI, MACD and Momentum are pointing to the south while the Stochastic is bullish.
Below 152.30, next supports are at 150.00 and 148.70. On the other hand, resistances are at 151.75, 152.00 and 152.20.
The GBP/USD is now 1.20% down on the day, Short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI, MACD and Momentum are pointing to the south while the Stochastic is bullish.
Below 152.30, next supports are at 150.00 and 148.70. On the other hand, resistances are at 151.75, 152.00 and 152.20.