GBP/JPY technical analysis: Pressuring the September highs above the 135.00 handle

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  • GBP/JPY is challenging the 135.66 multi-week high. 
  • The next resistance to the upside can be near the 137.80 swing high.
 

GBP/JPY daily chart

 
GBB/JPY has been rebounding sharply in September. The market is now challenging the 135.66 swing high above the 100 SMA. A break above that level can open the doors to further gains towards the 137.80 level at the July highs. 
 

GBP/JPY four-hour chart

 
GBP/JPY is trading above its main SMAs on the four-hour chart, suggesting bullish momentum. Support can be seen at the 134.00 and 132.00 price levels. 
 

 

Additional key levels

 

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