GBP/JPY Price Analysis: Pound goes ballistic against yen on UK elections

GBP/JPY bulls are in full control as the market is having a massive breakout.
The level to beat for bulls is the 148.00 resistance.

Flavio Tosti Independent Analyst

The GBP/JPY currency cross is trading in a bull trend above the main SMAs on the four hour time frame as the bulls are having a massive breakout on UK’s elections. The buyers will probably try to break above the 148.00 handle. Targets to the upside can be seen near the 148.00, 149.00 and 150.00 levels. On the flip side, support is seen at the 146.00 and 145.00 figures.

Additional key levels

GBP/JPY

Overview
Today last price	143.89
Today Daily Change	0.53
Today Daily Change %	0.37
Today daily open	143.36

Trends
Daily SMA20	141.33
Daily SMA50	139.44
Daily SMA100	135.33
Daily SMA200	138.21

Levels
Previous Daily High	143.58
Previous Daily Low	142.56
Previous Weekly High	143.26
Previous Weekly Low	140.83
Previous Monthly High	141.86
Previous Monthly Low	139.32
Daily Fibonacci 38.2%	142.95
Daily Fibonacci 61.8%	143.19
Daily Pivot Point S1	142.75
Daily Pivot Point S2	142.14
Daily Pivot Point S3	141.73
Daily Pivot Point R1	143.78
Daily Pivot Point R2	144.19
Daily Pivot Point R3	144.8

Author

Flavio Tosti

Independent Analyst

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