GBP/JPY extends advance to test 200 hours MA at 171.30

FXstreet.com (San Francisco) - The Sterling is extending its bounce from 170.40 against the Japanese Yen and after rising around 90 pips in the American session, the GBP/JPY is now testing the 200 hours MA level at 171.30.

Currently, the GBP/JPY is pricing at 171.25, 0.05% negative on the day. The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.

GBP/JPY levels

Above the 171.30, the GBP/JPY would face resistances at 172.20 and 173.00. On the downside, supports are at 170.40, 170.10 and 169.80.