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GBP/JPY Price Analysis: Pound surges to its highest since February, trades near 139.50 level

  • GBP/JPY remains under heavy bullish pressure near its highest since late February 2020.
  • The level to beat for bulls is the 140.00 resistance.
 

GBP/JPY four-hour chart

 
The buyers remain relentless pushing GBP/JPY to its highest since late February 2020. The bullish stance remains intact with the spot advancing towards the 140.00 figure en route towards 141.10 and 142.20 levels. On the other hand, support can be seen near the 138.10, 135.48 and 134.41 price levels. 
 

Additional key levels

 

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