3 Jun 2020
GBP/JPY Price Analysis: Pound pressuring 2.5-month highs vs. Japanse yen
- GBP/JPY is strengthening near the highest levels since mid-March 2020.
- The level to beat for buyers is the 137.30 resistance.
GBP/JPY four-hour chart
GBP/JPY broke sharply to the upside while pressuring 2.5-month highs. Buyers are likely in charge and a potential break above the 137.30 resistance can yield further strength towards the 138.10 and the 138.50 price levels. On the flip side, support can be seen near the 136.50, 135.86 and 134.85 price levels.
Resistance: 137.30, 138.10, 138.50
Support: 136.50, 135.86, 134.85
Additional key levels