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  • GBP/JPY registers an impressive advance to the 133.00 figure.
  • Support can be seen near the 132.49 and 131.46 levels. 

GBP/JPY four-hour chart

GBP/JPY is having a boost breaking to its highest since the 11th of May 2020. The quote made an impressive come back now challenging the 133.00 figure and the 200 SMA on the four-hour chart. Since the overall trend remains bearish it remains to be seen if the market can overcome the 133.25 resistance level. On the flip side, bearish moves down could find some support near the 132.25 and 1317.46 level initially.
Resistance: 133.25, 133.87, 134.83
Support: 132.49, 131.46, 130.80

Additional key levels