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8 Mar 2013
Forex: GBP/JPY finds support at 142.65, back above 143.00
After falling around 200 pips following the upbeat US nonfarm payrolls and unemployment report, the GBP/JPY found support at 142.65 where the pair has bounced to trade back above 143.00. Currently the pair is trading at 143.22, 0.60% above opening price.
As for technical indicators, the CCI and Momentum are bearish while MACD and Stochastic are neutral in the 1-hour chart. Next resistances are at 143.50, 144.00 and 144.75. On the other side, supports are at 143.00, and 142.65 and 142.30.
As for technical indicators, the CCI and Momentum are bearish while MACD and Stochastic are neutral in the 1-hour chart. Next resistances are at 143.50, 144.00 and 144.75. On the other side, supports are at 143.00, and 142.65 and 142.30.