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  • GBP/JPY remains choppy below the 133.00 figure.
  • The level to beat for sellers is the 132.00 support. 


GBP/JPY four-hour chart

After attempting to break above the 133.00 resistance one more time, GBP/JPY remains choppy as the month of May comes to an end. As the overall trend remains bearish, sellers would be looking for a break below the 132.00 level with the possibility of a breakdown towards the 131.33 and 130.75 levels. On the other hand, the spot is expected to meet strong resistance near the 133.00 level. 
Resistance: 133.00, 133.87, 134.83
Support: 132.00, 131.33, 130.80

Additional key levels