7 May 2020
GBP/JPY Price Analysis: Pound vulnerable below 132.00 vs. Japanese yen
- GBP/JPY is under selling pressure below the 132.00 figure.
- The level to beat for sellers is the 130.80 support.
GBP/JPY our-hour chart
GBP/USD is trading below the main SMAs on the four-hour chart as the quote broke below the April lows. The spot remains under bearish pressure with bears needing a break below the 130.80 support level en route to the 129.00 and 127.40 levels. Conversely, retracements can find resistance near 132.00 and 133.00 resistance initially.
Resistance: 132.00, 133.00, 135.00
Support: 130.80, 129.00, 127.40
Additional key levels