GBP/JPY Price Analysis: Pound challenging 4-day lows vs. Japanese yen

GBP/JPY is challenging the 130.80 support this Wednesday.
Bears are back in control eyeing the 130.00 figure.

Flavio Tosti Independent Analyst

GBP/JPY four-hour chart

GBP/JPY is trading below the main SMA on the four-hour chart suggesting a downward bias. The spot is challenging the 130.80 support where the market found some support a few days ago. However as the dominant trend remains down, bears can try to overcome the 130.80 support level and set their eyes on the 130.00 figure.

Resistance: 132.00, 133.00

Support: 130.80, 130.00

Additional key levels

GBP/JPY

Overview
Today last price	130.73
Today Daily Change	-0.63
Today Daily Change %	-0.48
Today daily open	131.36

Trends
Daily SMA20	133.02
Daily SMA50	133.07
Daily SMA100	137.81
Daily SMA200	137.1

Levels
Previous Daily High	132.87
Previous Daily Low	131.32
Previous Weekly High	133.56
Previous Weekly Low	130.66
Previous Monthly High	135.75
Previous Monthly Low	131.91
Daily Fibonacci 38.2%	131.91
Daily Fibonacci 61.8%	132.28
Daily Pivot Point S1	130.82
Daily Pivot Point S2	130.29
Daily Pivot Point S3	129.27
Daily Pivot Point R1	132.38
Daily Pivot Point R2	133.41
Daily Pivot Point R3	133.94

Author

Flavio Tosti

Independent Analyst

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