Poor readings regarding consumer inflation as well as those measured among producers led to a sell-of of the pound sterling, among others also in relation to Japanese yen. As a result, the GBPJPY currency pair has fallen into a new minimum. In addition to setting a new low, the pair found itself under key trend line extending from the last year’s minimum. Currently, however, this is an intraday traffic and one should wait, at least until the session closes, confirming the break of this trend line. If the bears manage to maintain their advantage, the way to this year’s low will be opened, which is currently around the round level of 145.00. By speculating on the move in this direction, traders may look for sell signals while a possible test of the trend line, which after the break may constitute a new resistance.

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