GBP/JPY reaches below 150.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The GBP/JPY pair has sharply declined, as by the middle of Monday's trading the rate had passed various support levels and reached below the 150.00 level.

A continuation of the decline of the pair might find support in the weekly S1 simple pivot point at 149.36. However, take into account the 2021 low level zone at 148.50/149.35.

Meanwhile, a recovery might find resistance in the 150.00 mark. A passing of the 150.00 mark could find resistance in the 200 and 50-hour simple moving averages near 150.50 and 150.90.
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