GBP/JPY Price Analysis: Pound dips to the 132.00 figure vs. Japanese yen

GBP/JPY is challenging the 132.00 figure this Tuesday.
Sellers may stay in control below the 133.00 level.

Flavio Tosti Independent Analyst

GBP/JPY four-hour chart

GBP/JPY is trading below the main SMA on the four-hour chart suggesting a bearish bias. However, the spot is challenging the 132.00 support where the market found some support last week. Having said that, as the overall trend remains down, sellers can try to overcome the 132.00 support level.

Resistance: 133.00, 134.00

Support: 132.00, 130.80

Additional key levels

GBP/JPY

Overview
Today last price	131.92
Today Daily Change	-0.88
Today Daily Change %	-0.66
Today daily open	132.8

Trends
Daily SMA20	133.22
Daily SMA50	133.19
Daily SMA100	137.92
Daily SMA200	137.09

Levels
Previous Daily High	133.19
Previous Daily Low	131.88
Previous Weekly High	133.56
Previous Weekly Low	130.66
Previous Monthly High	135.75
Previous Monthly Low	131.91
Daily Fibonacci 38.2%	132.69
Daily Fibonacci 61.8%	132.38
Daily Pivot Point S1	132.06
Daily Pivot Point S2	131.32
Daily Pivot Point S3	130.75
Daily Pivot Point R1	133.37
Daily Pivot Point R2	133.94
Daily Pivot Point R3	134.68

Author

Flavio Tosti

Independent Analyst

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