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FXstreet.com (San Francisco) - After falling around 120 pips in the American session from the 154.20 region to reach the intra-day low at 153.00, the GBP/JPY seems to have found support at this level with the pair trading back to 153.40. Currently the cross is trading at 153.35.
The GBP/JPY is still negative on the day with 0.64% losses from opening price. However, the pair is currently slightly bullish with indicators such as CCI and Momentum pointing to the north while the Stochastic and MACD are neutral in the 15-minute chart.
Below the 153.00 level, next supports are at 152.75, 152.20. On the downside, 151.10, 150.85 and 150.00.
