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  • GBP/JPY is trading near its highest levels since mid-March 2020. 
  • The level to beat for bulls is the 136.50 resistance. 

GBP/JPY four-hour chart

GBP/JPY is breaking to the upside while challenging 2.5-month highs. Bulls have taken the helm and a break above the 136.50 resistance can lead to further advances towards the 137.30 and the 138.10 price levels. On the other hand, support can be seen near the 135.50, 134.40 and 133.90 price levels.  
Resistance: 133.00, 133.87, 134.83
Support: 132.00, 131.33, 130.80

Additional key levels