The pair is consolidating with the 50 days MA, trading at 145.32 yens per pound. The price could correct below if it breaks this MA, even though it has been acting as a constant support, today.The bands of Bollinger show a volatility of 230 pips in the hour, while the 14 period RSI is around the overbought area.

The MACD shows selling signs.

If the trend shifts to above, the next resistance is found at 145.56 yens per pound.

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