GBP/JPY retraces down after the recent surge to the 133.00 figure. The level to beat for bears is the 133.25 support. GBP/JPY four-hour chart After breaking to its highest since the 11th of May 2020, GBP/JPY is retracing down breaking below the 132.25 support level. The spot is trading below the 200 SMA on the four-hour chart while maintaining an overall bearish bias. A daily close below the 132.25 level would be seen as bearish with the potential to revisit the 131.33 and 130.75 levels. On the other hands, if the spot regains strength above the 133.25 level, GBP/JPY could be in a position to accelerate to the upside. Resistance: 133.25, 133.87, 134.83 Support: 132.25, 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 Bitcoin Price Analysis: BTC/USD conquers $9,000, more barriers ahead – Confluence Detector FX Street 3 years GBP/JPY retraces down after the recent surge to the 133.00 figure. The level to beat for bears is the 133.25 support. GBP/JPY four-hour chart After breaking to its highest since the 11th of May 2020, GBP/JPY is retracing down breaking below the 132.25 support level. The spot is trading below the 200 SMA on the four-hour chart while maintaining an overall bearish bias. A daily close below the 132.25 level would be seen as bearish with the potential to revisit the 131.33 and 130.75 levels. On the other hands, if the spot regains strength above the 133.25 level,… 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.
