GBP/JPY rejects the 156.50

FXstreet.com (San Francisco) - After bouncing at the 155.80 area to trade above the 156.00 and to test the intra-day high at 156.50, the GBP/JPY has been rejected by this level with the pair falling back to the 156.00 zone.

Currently the USD/JPY is extending loses from 156.50 to price at 156.10. However, the pair is still 0.25% positive on the day and slightly bullish according to the FXstreet.com trend index in the 15 minutes chart. The CCI is Bearish while the Momentum is bullish and the MACD is neutral.

Next support comes at 156.00, ahead of 155.80 and 155.40. On the upside, 156.50 is the next resistance, before attacking 156.75 and 157.00.