GBP/JPY Price Analysis: Testing 151.60, the door to 152.00

GBP/JPY holds firm above 151.00, improving the bullish bias.
Currently testing the 151.60 area, above the next target stands at 152.00.

Matías Salord FXStreet

The GBP/JPY pair is about to post the fourth consecutive daily gain and the highest close since in three weeks, supported by the improvement in risk sentiment after the FOMC meeting and the rally in GBP/USD.

The pound is starting to test the 151.60 area that is the resistance that protects 152.00. The bullish tone remains intact ahead of the Asian session. A slide below 151.20 would alleviate the pressure, still while above 150.60, the chart will continue to favor the upside.

The GBP/JPY will likely face strong resistance at 152.00, a break higher would reaffirm the bullish outlook. On the flip side, under 150.60, cross will likely be back into the 149.50/150.50 range.

GBP/JPY 4-hour chart

GBP/JPY

Overview
Today last price	151.45
Today Daily Change	0.24
Today Daily Change %	0.16
Today daily open	151.21

Trends
Daily SMA20	150.97
Daily SMA50	150.36
Daily SMA100	145.99
Daily SMA200	141.83

Levels
Previous Daily High	151.29
Previous Daily Low	150.15
Previous Weekly High	151.98
Previous Weekly Low	149.06
Previous Monthly High	152.79
Previous Monthly Low	148.12
Daily Fibonacci 38.2%	150.86
Daily Fibonacci 61.8%	150.59
Daily Pivot Point S1	150.48
Daily Pivot Point S2	149.74
Daily Pivot Point S3	149.34
Daily Pivot Point R1	151.62
Daily Pivot Point R2	152.03
Daily Pivot Point R3	152.76

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.