Home GBP/JPY Price Analysis: Pound challenging 4-day lows vs. Japanese yen

GBP/JPY Price Analysis: Pound challenging 4-day lows vs. Japanese yen

Published date: 13 May. 2020 | 18:37

GBP/JPY is challenging the 130.80 support this Wednesday.
Bears are back in control eyeing the 130.00 figure.

GBP/JPY four-hour chart

GBP/JPY is trading below the main SMA on the four-hour chart suggesting a downward bias. The spot is challenging the 130.80 support where the market found some support a few days ago. However as the dominant trend remains down, bears can try to overcome the 130.80 support level and set their eyes on the 130.00 figure.

Resistance: 132.00, 133.00

Support: 130.80, 130.00

Additional key levels

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