GBP/JPY Price Analysis: Recovery losses strength, consolidation above 136.00 is needed it to keep it going

Pound extends recovery versus yen but found resistance at 136.00 and 136.25.
GBP/JPY bullish bias still in place, momentum eases.

Matías Salord FXStreet

The pound is rising for the fifth consecutive day versus the Japanese yen on Tuesday, as the recovery from the lowest in almost three months continues. The rally is showing signs of exhaustion as it failed to break Monday’s highs and also after being rejected from above 136.00 again.

The GBP/JPY will likely continue to consolidate between 135.00 and 136.00. If it manages to break and hold above 136.00 more gains seem likely. The first target is seen at 136.50 (20-day simple moving average) followed by 137.50/70.

If the current loss of momentum in GBP/JPY triggers a decline, the key support to watch is seen at the band 134.50/70. A break lower would increase the bearish pressure, suggesting a test of the September low at 133.00 (interim support at 133.75).

GBP/JPY 4-hour chart

GBP/JPY

Overview
Today last price	135.69
Today Daily Change	0.24
Today Daily Change %	0.18
Today daily open	135.45

Trends
Daily SMA20	136.9
Daily SMA50	137.83
Daily SMA100	135.84
Daily SMA200	136.88

Levels
Previous Daily High	136.23
Previous Daily Low	134.37
Previous Weekly High	135.34
Previous Weekly Low	133.05
Previous Monthly High	142.04
Previous Monthly Low	137.75
Daily Fibonacci 38.2%	135.52
Daily Fibonacci 61.8%	135.08
Daily Pivot Point S1	134.46
Daily Pivot Point S2	133.48
Daily Pivot Point S3	132.6
Daily Pivot Point R1	136.33
Daily Pivot Point R2	137.22
Daily Pivot Point R3	138.2

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.