Jun 4, 2020
GBP/JPY Price Analysis: Pound remains near 2.5-month highs vs. Japanse yen
- GBP/JPY stays under bullish pressure near its highest since mid-March 2020.
- The level to beat for bulls is the 137.70 resistance.
GBP/JPY four-hour chart
GBP/JPY keeps pressuring 2.5-month highs as bulls remain in charge with a potential break above the 137.30 resistance en route towards the 138.10 and the 139.36 price levels. On the flip side of the coin, support can be seen near the 136.50, 135.86 and 134.85 price levels.
Resistance: 137.30, 138.10, 139.36
Support: 135.50, 134.80, 133.88
Additional key levels