Forex: GBP/JPY tests 136.00 support

July 29, 2010

FXstreet.com (Barcelona) – The British pound has weakened more than 40 pips against the Japanese yen this morning, with the pair once again testing the 136.00 support level. The downward trend is due to a strengthened yen over Asia on a lower overall market sentiment compared to previous sessions.

Currently the pair trades at 136.07 where it attempts to consolidate to the upside. With a slightly bearish trend, immediate support is listed at 135.75. To the upside, resistance is placed at 136.43 and 136.57.
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