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.

Flavio Tosti Independent Analyst

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 price	131.35
Today Daily Change	0.46
Today Daily Change %	0.35
Today daily open	130.89

Trends
Daily SMA20	132.03
Daily SMA50	132.4
Daily SMA100	136.88
Daily SMA200	137.21

Levels
Previous Daily High	131.78
Previous Daily Low	130.68
Previous Weekly High	132.51
Previous Weekly Low	129.32
Previous Monthly High	135.75
Previous Monthly Low	131.91
Daily Fibonacci 38.2%	131.1
Daily Fibonacci 61.8%	131.36
Daily Pivot Point S1	130.45
Daily Pivot Point S2	130.01
Daily Pivot Point S3	129.34
Daily Pivot Point R1	131.55
Daily Pivot Point R2	132.22
Daily Pivot Point R3	132.66

Author

Flavio Tosti

Independent Analyst

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