GBP/JPY finds resistance at 156.10

FXstreet.com (San Francisco) - After climbing around 100 pips in the European session from 155.10, the GBP/JPY has found resistance at the 156.10 level with the pair falling back to test levels close to 155.50.

Currently the Sterling is trading at 155.45 against the Yen, still 0.15% positive on the day. The short-term perspective remains strongly bullish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and momentum are pointing to the north while the Stochastic is neutral.

Below the 155.50, next supports are at 155.10 and 154.95. On the upside, resistances are at 156.10, 156.50 and 156.70.