Forex

On the hour chart the short-term descending trend remains. Sliding averages 34, 55, 89 and 144 are directed downwards and specify in the bear spirit of the market. Histogram MACD is in a negative zone and specifies in the further decrease in the British pound in relation to the Japanese yen.

At present in the market it is possible to observe strengthening of the bear moods and testing support level 200.50 which breakdown can open a way to bears to 199.60, 199.20 and 198.50.  

Resistance levels: 201.00 201.50/70, 202.00/10, 202.70, 203.00  

Current price: 200.65  

Support levels: 200.50, 200.10, 199.60, 199.25, 199.00, 198.50