GBP/JPY Price Analysis: Pound surges in 6-week highs, challenges 133.00 figure

 

 

GBP/JPY is having a boost breaking to its highest since the 11th of May 2020. The quote made an impressive come back now challenging the 133.00 figure and the 200 SMA on the four-hour chart. Since the overall trend remains bearish it remains to be seen if the market can overcome the 133.25 resistance level. On the flip side, bearish moves down could find some support near the 132.25 and 1317.46 level initially.