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23 Jun 2015
GBP/USD breaks down range and tests 194.60 level
FXStreet (Barraquilla) - The British Pound is trading lower against the Japanese Yen and after trading sideways between 195.00 and 195.50 throughout the last two days, the GBP/JPY broke below the range and now it's testing the S1 level of 194.60.
The GBP/JPY is trading under pressure amid the GBP/USD downside forces. The US Dollar Index DXY is trading higher today, rallying above the 95.00 level.
Currently, GBP/JPY is trading at 194.65, down 0.28% on the day, having posted a daily high at 195.51 and low at 194.60. GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/JPY levels
If the pair extends decline below 194.60, it will find supports at 194.00, 193.80 and 194.60. To the upside, resistances are at 195.40, 195.60 and 195.80.
The GBP/JPY is trading under pressure amid the GBP/USD downside forces. The US Dollar Index DXY is trading higher today, rallying above the 95.00 level.
Currently, GBP/JPY is trading at 194.65, down 0.28% on the day, having posted a daily high at 195.51 and low at 194.60. GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/JPY levels
If the pair extends decline below 194.60, it will find supports at 194.00, 193.80 and 194.60. To the upside, resistances are at 195.40, 195.60 and 195.80.