GBP/JPY Price Analysis: Testing 153.00, more gains like while above 125.00

GBP/JPY resumes uptrend holds above 152.00.
Pricehits cycle high at 153.07 then pulls back modestly, bullish momentum intact.

Matías Salord FXStreet

The GBP/JPY climbed to 153.07, reaching the highest level since 2018. After a correction lower it resumed the upside. The bullish tone remains intact and more gains seem likely. It needs to break the 153.00 zone. The next barrier emerges at 153.70/75.

A decline below 152.40 would alleviate the positive momentum for the pound. The critical support now moves to 152.00: a round number, the 21-SMA in the four-hour chart, and an uptrend line.

A firm break under 152.00 would suggest more losses ahead with an immediate target at 151.45. Below the next support stands at 150.50.

GBP/JPY four hour chart

GBP/JPY

Overview
Today last price	152.96
Today Daily Change	0.38
Today Daily Change %	0.25
Today daily open	152.58

Trends
Daily SMA20	150.94
Daily SMA50	147.71
Daily SMA100	143.71
Daily SMA200	140.26

Levels
Previous Daily High	152.79
Previous Daily Low	151.53
Previous Weekly High	151.55
Previous Weekly Low	148.53
Previous Monthly High	152.79
Previous Monthly Low	148.12
Daily Fibonacci 38.2%	152.31
Daily Fibonacci 61.8%	152.01
Daily Pivot Point S1	151.82
Daily Pivot Point S2	151.05
Daily Pivot Point S3	150.56
Daily Pivot Point R1	153.07
Daily Pivot Point R2	153.55
Daily Pivot Point R3	154.32

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.

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