GBP/JPY Price Analysis: Pound stays capped below 133.00 figure vs. yen

GBP/JPY remains choppy below the 133.00 figure.
The level to beat for sellers is the 132.00 support.

Flavio Tosti Independent Analyst

GBP/JPY four-hour chart

After attempting to break above the 133.00 resistance one more time, GBP/JPY remains choppy as the month of May comes to an end. As the overall trend remains bearish, sellers would be looking for a break below the 132.00 level with the possibility of a breakdown towards the 131.33 and 130.75 levels. On the other hand, the spot is expected to meet strong resistance near the 133.00 level.

Resistance: 133.00, 133.87, 134.83

Support: 132.00, 131.33, 130.80

Additional key levels

GBP/JPY

Overview
Today last price	132.65
Today Daily Change	0.03
Today Daily Change %	0.02
Today daily open	132.62

Trends
Daily SMA20	131.76
Daily SMA50	132.73
Daily SMA100	136.46
Daily SMA200	137.27

Levels
Previous Daily High	132.88
Previous Daily Low	131.83
Previous Weekly High	132.51
Previous Weekly Low	129.32
Previous Monthly High	135.75
Previous Monthly Low	131.91
Daily Fibonacci 38.2%	132.48
Daily Fibonacci 61.8%	132.23
Daily Pivot Point S1	132.01
Daily Pivot Point S2	131.39
Daily Pivot Point S3	130.95
Daily Pivot Point R1	133.06
Daily Pivot Point R2	133.5
Daily Pivot Point R3	134.12

Author

Flavio Tosti

Independent Analyst

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