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15 Jul 2013
GBP/JPY upside capped at 150.00
FXstreet.com (New York) - The GBP/JPY technical cross topped out at the 150.00 region in recent minutes Monday, unable to break higher and eliminate the full extent of its Asian losses.
GBP/JPY technical bias
Despite what has amounted to subdued trading on account of the Japanese holiday, the GBP/JPY has bounced off the 149.75 level (session low), paring its losses to operate at 149.99 in these moments. Down -0.17% off its opening, the pair will look to face supports at 149.95 (200-day SMA), ahead of 149.85 (July 9 low), 149.59 (June 27 low), and 149.34 (June 26 low).
GBP/JPY technical bias
Despite what has amounted to subdued trading on account of the Japanese holiday, the GBP/JPY has bounced off the 149.75 level (session low), paring its losses to operate at 149.99 in these moments. Down -0.17% off its opening, the pair will look to face supports at 149.95 (200-day SMA), ahead of 149.85 (July 9 low), 149.59 (June 27 low), and 149.34 (June 26 low).