GBP/JPY steady around 133.00 as Brexit fears ease. Boris Johnson eases lockdown restrictions and boosts hopes of economic recovery. Concerns about a second coronavirus wave keep the pound’s recovery limited. The GBP/JPY has remained moving within a tight range between 132.90 and 133.50 with the pound somewhat firmer on Thursday. Investors’ hopes of a more constructive approach to Brexit negotiations and the easing of COVID-19 restrictions in the UK are offering some support to a vulnerable GBP. Brexit hopes support the pound The pound has trimmed losses against the euro and the US dollar on Thursday, with the investors welcoming Brussels’ willingness to strike a compromise on the sensitive issue of the “level playing field” rules for businesses, which might facilitate a breakthrough in the negotiations. Furthermore, UK PM Boris Johnson has announced the easing of lockdown restrictions, boosting hopes of economic recovery. On the negative side, however, lingering concerns about the global increase of coronavirus infections and the potential impact of new lockdown on the incipient recovery are keeping pound’s recovery in check Technical analysis At the moment, the pair is hovering above 132.70/80 (Intra-day low June 24 low), below here, next support levels might be at 131.80 (June 22 low) and 130.65 (May 22 low). On the upside, immediate resistance lies at 133.60 (intra-day high) and above here, 134.00 (June 23 high) and 135.11 (intra-day level) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: There is a very good support zone at $1744.75 FX Street 2 years GBP/JPY steady around 133.00 as Brexit fears ease. Boris Johnson eases lockdown restrictions and boosts hopes of economic recovery. Concerns about a second coronavirus wave keep the pound's recovery limited. The GBP/JPY has remained moving within a tight range between 132.90 and 133.50 with the pound somewhat firmer on Thursday. Investors' hopes of a more constructive approach to Brexit negotiations and the easing of COVID-19 restrictions in the UK are offering some support to a vulnerable GBP. Brexit hopes support the pound The pound has trimmed losses against the euro and the US dollar on Thursday, with the investors welcoming Brussels' willingness… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.