Forex: GBP/JPY consolidates below 152.00

FXstreet.com (San Francisco) - After declining from highest since August 2009 at 153.85 and break below the 152.00 level, the GBP/JPY found support at 121.65, where the pair has been trading in consolidation mode just below the 152.00 area. Currently the pair is trading at 151.90, 0.93% below opening price.

The GBP/JPY is trading strongly bearish according to the FXstreet.com trend index. Indicators are bearish in the 1-hour chart with the MACD, CCI and the Momentum pointing south while the Stochastic signaling neutral.

Below the 151.65, next supports are at 151.40, 151.00 and 150.60. While resistances are at 152.60, 153.10 and 153.85.