Forex: GBP/JPY consolidates above 136.00

July 28, 2010

FXstreet.com (Barcelona) – The British pound has been pressured lower against the Japanese yen over New York, due to an appreciation by the yen as equities slid on Wall Street. The pair reached a minimum in 135.91 ahead of close, and has since consolidated to the upside.

Currently the pair trades at 136.39 where it posts an overall drop of 0.27% since open. With a slightly bearish tendency, immediate support is listed at 136.19 and later 135.85. On the upside, resistance is placed at 136.77 and later 137.11.
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