GBP/JPY is chopping below the 133.00 figure. The level to beat for bears is the 132.00 support. GBP/JPY four-hour chart Following the test of the 11th of May swing high, GBP/JPY is chopping below the 133.00 resistance level while above the 200 SMA on the four-hour chart. However, the overall trend remains down, therefore sellers are likely to defend the 133.00 resistance which has proved to be solid throughout the month of May. Bears would be looking for a break below the 132.00 level with the potential of more weakness towards the 131.33 and 130.75 levels. On the flip side, the spot is expected to meet resistance once again near the 133.00 level. Resistance: 133.00, 133.87, 134.83 Support: 132.00, 131.33, 130.80 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/CHF Price Analysis: US Dollar pushing against triangle support FX Street 3 years GBP/JPY is chopping below the 133.00 figure. The level to beat for bears is the 132.00 support. GBP/JPY four-hour chart Following the test of the 11th of May swing high, GBP/JPY is chopping below the 133.00 resistance level while above the 200 SMA on the four-hour chart. However, the overall trend remains down, therefore sellers are likely to defend the 133.00 resistance which has proved to be solid throughout the month of May. Bears would be looking for a break below the 132.00 level with the potential of more weakness towards the 131.33 and 130.75 levels. On the… 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.
