GBP/JPY Price Analysis: Pound vulnerable below 132.00 vs. Japanese yen

GBP/JPY is under selling pressure below the 132.00 figure.
The level to beat for sellers is the 130.80 support.

Flavio Tosti Independent Analyst

GBP/JPY our-hour chart

GBP/USD is trading below the main SMAs on the four-hour chart as the quote broke below the April lows. The spot remains under bearish pressure with bears needing a break below the 130.80 support level en route to the 129.00 and 127.40 levels. Conversely, retracements can find resistance near 132.00 and 133.00 resistance initially.

Resistance: 132.00, 133.00, 135.00

Support: 130.80, 129.00, 127.40

Additional key levels

GBP/JPY

Overview
Today last price	131.36
Today Daily Change	0.32
Today Daily Change %	0.24
Today daily open	131.04

Trends
Daily SMA20	133.64
Daily SMA50	133.62
Daily SMA100	138.21
Daily SMA200	137.05

Levels
Previous Daily High	132.68
Previous Daily Low	130.84
Previous Weekly High	135.45
Previous Weekly Low	131.94
Previous Monthly High	135.75
Previous Monthly Low	131.91
Daily Fibonacci 38.2%	131.54
Daily Fibonacci 61.8%	131.97
Daily Pivot Point S1	130.36
Daily Pivot Point S2	129.68
Daily Pivot Point S3	128.53
Daily Pivot Point R1	132.2
Daily Pivot Point R2	133.36
Daily Pivot Point R3	134.04

Author

Flavio Tosti

Independent Analyst

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