GBP/JPY recovers from 152.20 and tests the 153.00 area

FXstreet.com (San Francisco) - After declining around 100 pips from the 153.25 in the earlier American session, the GBP/JPY found support at the intra-day low at 152.20 where the pair bounced to price back at 153.15.

Currently the GBP/JPY is trading at 153.00, retracing from previous levels. However, according to the FXstreet.com trend index, the pair remains slightly bullish in the short term. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral in the 15-minute chart too.

Above the 153.15, next resistances are at 154.00 and 154.30. On the down side, supports are at 152.50, 152.20 and 151.80.