GBP/JPY starts the week with a modest pop to the 131.00 figure. The level to beat for sellers is the 130.00 figure. GBP/JPY four-hour chart GBP/JPY is trading below its main SMA on the four-hour chart while making lower lows and lower highs, suggesting negative momentum as the currency cross is trading off 6-week lows. Sellers remain in full control and further price declines are to be expected with the spot likely targetting 130.00, 129.45 and 128.81 price levels to the downside. On the flip side, the recent pop found strong resistance near the 130.80 level. Further up lie the 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 Gold makes sharp U-turn from multi-year highs, slumps to $1,730 area FX Street 2 years GBP/JPY starts the week with a modest pop to the 131.00 figure. The level to beat for sellers is the 130.00 figure. GBP/JPY four-hour chart GBP/JPY is trading below its main SMA on the four-hour chart while making lower lows and lower highs, suggesting negative momentum as the currency cross is trading off 6-week lows. Sellers remain in full control and further price declines are to be expected with the spot likely targetting 130.00, 129.45 and 128.81 price levels to the downside. On the flip side, the recent pop found strong resistance near the 130.80 level. Further up… 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.
