GBP/JPY is trading in fresh May lows as the sellers remain in control. The level to beat for bears is the 130.00 figure. GBP/JPY four-hour chart GBP/JPY is trading below the main SMA on the four-hour chart while printing lower lows and lower highs, suggesting bearish momentum as the currency cross is trading in 6-week lows. Bears remain in full control of GBP/JPY and further price weakness can be expected with the spot potentially targetting 130.00, 129.45 and 128.81 price levels. On the flip side, resistance can be seen near the 130.80, 131.46 and 132.29 levels. Resistance: 130.80, 131.46, 132.29 Support: 130.00, 129.45, 128.81 Additional key levels 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 USD/TRY: Bullish trend remains intact – Rabobank FX Street 2 years GBP/JPY is trading in fresh May lows as the sellers remain in control. The level to beat for bears is the 130.00 figure. GBP/JPY four-hour chart GBP/JPY is trading below the main SMA on the four-hour chart while printing lower lows and lower highs, suggesting bearish momentum as the currency cross is trading in 6-week lows. Bears remain in full control of GBP/JPY and further price weakness can be expected with the spot potentially targetting 130.00, 129.45 and 128.81 price levels. On the flip side, resistance can be seen near the 130.80, 131.46 and 132.29 levels. Resistance:… 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.
