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12 May 2020
GBP/JPY Price Analysis: Pound dips to the 132.00 figure vs. Japanese yen
- GBP/JPY is challenging the 132.00 figure this Tuesday.
- Sellers may stay in control below the 133.00 level.
GBP/JPY four-hour chart
GBP/JPY is trading below the main SMA on the four-hour chart suggesting a bearish bias. However, the spot is challenging the 132.00 support where the market found some support last week. Having said that, as the overall trend remains down, sellers can try to overcome the 132.00 support level.
Resistance: 133.00, 134.00
Support: 132.00, 130.80
Additional key levels