Forex: GBP/JPY rises to test the 153.00 area

FXstreet.com (San Francisco) - The Sterling is advancing further against the Japanese yen with the GBP/JPY 25 pips in the latest few minutes to trade above the 152.80 level and test the 153.00 area for first time since October 2010. Currently the pair is trading at 152.90.

With 0.80% gains on the day, the GBP/JPY is trading slightly bullish. Indicators such as Momentum, CCI and MACD are bullish while the Stochastic is bearish in the 1-hour chart.

Above the 153.00 level, next resistances are at 153.30 and 153.50. On the downside, supports come at 152.60, 152.40 and 152.00.