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GBP/JPY Price Analysis: Pound under pressure below the 131.50 level vs. yen

  • GBP/JPY remains weak below the 131.46 resistance level.
  • The level to beat for sellers is the 130.80 support.
 

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 which is the hallmark of a bear trend. The currency cross remains weak below the 131.46 resistance just above the 50 SMA. Sellers should remain in charge with a potential drop towards the 130.80, 130.00 and 129.00 levels. On the flip side, resistances are seen near 131.46, 132.29 and 133.25 price levels. 
 
 
Resistance: 131.46, 132.29, 133.25
Support: 130.80, 130.00, 129.00
 

Additional key levels

GBP/JPY

Overview
Today last price131.35
Today Daily Change0.46
Today Daily Change %0.35
Today daily open130.89
 
Trends
Daily SMA20132.03
Daily SMA50132.4
Daily SMA100136.88
Daily SMA200137.21
 
Levels
Previous Daily High131.78
Previous Daily Low130.68
Previous Weekly High132.51
Previous Weekly Low129.32
Previous Monthly High135.75
Previous Monthly Low131.91
Daily Fibonacci 38.2%131.1
Daily Fibonacci 61.8%131.36
Daily Pivot Point S1130.45
Daily Pivot Point S2130.01
Daily Pivot Point S3129.34
Daily Pivot Point R1131.55
Daily Pivot Point R2132.22
Daily Pivot Point R3132.66

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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