GBP/JPY Price Analysis: Pound capped by the 132.30 resistance vs. Japanese yen

GBP/JPY overall downward bias remains intact, although the currency cross had a bounce from recent lows.
GBP/JPY is trading off the 132.29 resistance and 100 SMA in the four-hour chart.

Flavio Tosti Independent Analyst

GBP/JPY four-hour chart

GBP/JPY is trading below the 100 and 200 SMA on the four-hour chart while making lower lows and lower highs, suggesting a bearish bias in the medium-term. The currency cross is consolidating a rebound below the 132.29 resistance and the 100 SMA. As the overall downward bias remains intact, bears should remain in control below the mentioned level with a potential decline towards the 131.46, 130.80 and 130.00 levels. On the flip side, resistances are seen near 132.29, 133.25 and 134.00 price levels.

Resistance: 132.29, 133.25, 134.00

Support: 131.46, 130.80, 130.00

Additional key levels

GBP/JPY

Overview
Today last price	131.81
Today Daily Change	-0.16
Today Daily Change %	-0.12
Today daily open	131.97

Trends
Daily SMA20	132.26
Daily SMA50	132.48
Daily SMA100	137.22
Daily SMA200	137.17

Levels
Previous Daily High	132.51
Previous Daily Low	130.78
Previous Weekly High	133.19
Previous Weekly Low	129.54
Previous Monthly High	135.75
Previous Monthly Low	131.91
Daily Fibonacci 38.2%	131.85
Daily Fibonacci 61.8%	131.44
Daily Pivot Point S1	131
Daily Pivot Point S2	130.03
Daily Pivot Point S3	129.28
Daily Pivot Point R1	132.73
Daily Pivot Point R2	133.48
Daily Pivot Point R3	134.45

Author

Flavio Tosti

Independent Analyst

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