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2 Aug 2013
GBP/JPY finding ground at 150.22
FXstreet.com (Chicago) - GBP/JPY started off Friday' session declining against stronger yen.
The BoJ released monetary base for the country at 38.0% vs. projected 43.2% as circulation flows appeared to decline in the nation during July. At stance of UK housing price data to be made public later in the day, the sterling has accumulated 0.15% losses so far.
Technically speaking, the pair rides slightly bearish trend as it trades at 150.25 between supports at 150.22 (July 13 highs), 150.00 (psychological support) and 149.97 (June 26 highs) and resistances at 150.40 (July 15 highs), 150.62 (July 11 highs) and 150.72 (July 31 highs). FXstreet.com technical indicators assess pair as slightly bearish as CCI points down on one-hour timeframe analysis.
The BoJ released monetary base for the country at 38.0% vs. projected 43.2% as circulation flows appeared to decline in the nation during July. At stance of UK housing price data to be made public later in the day, the sterling has accumulated 0.15% losses so far.
Technically speaking, the pair rides slightly bearish trend as it trades at 150.25 between supports at 150.22 (July 13 highs), 150.00 (psychological support) and 149.97 (June 26 highs) and resistances at 150.40 (July 15 highs), 150.62 (July 11 highs) and 150.72 (July 31 highs). FXstreet.com technical indicators assess pair as slightly bearish as CCI points down on one-hour timeframe analysis.