The pair is still trading lower and getting closer to the support at 150.60 yens per pound. If the breaks that level, the next support is at 150.30. If there's a rebound, the resistance is still at 151.00. The pair has an 130 pips volatility, while the RSI with one hour candles is in a neutral zone. For the rest of the session, we should see a new rebound to 152.00. Remember that next Friday we'll have the UK's GDP.The outlook for the British economy is favorable. The market expects a slower contraction at the annual rate. If that happens, thesterling would advance against the majors.
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