Forex: GBP/JPY remains below 156.00

FXstreet.com (San Francisco) - After being rejected by the 153.75 strong resistance, the GBP/JPY was trading lower in the American session with the pair breaking down the 156.00 area to find support at the intra-day low at 155.55. After that, the GBP/JPY was trading sideways between 155.75 and 155.90.

The GBP/JPY is 0.41% down on the day and it's trading slightly bearish according to the FXstreet.com trend index. Indicators such as CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral in the 15-minute chart.

Below the 155.55, next supports are at 155.00 and 154.75. On the upside, resistances are at the 156.00 area ahead of 156.50 and 156.75.