OctaFX | OctaFX Forex Broker
Open trading account
Back

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

 

EUR/USD: Further upside ahead – Nordea Bank

The euro has accelerated its rally on Wednesday, boosted by the ECB’s pledge to step up its coronavirus emergence stimulus and the FX analysis team at
Read more Previous

EUR/GBP advances above 0.9000 after ECB expands PEPP by €600 billion

The EUR/GBP pair rose sharply during the American trading hours as the shared currency gathered strength on the European Central Bank's (ECB) policy a
Read more Next
Start livechat