GBP/JPY clinches highs near 136.60

The better tone around the British pound is now helping GBP/JPY to advance to the area of daily tops around 136.60.

GBP/JPY rebounds from 133.20

After bottoming out in levels last seen in December 2012 around 133.20 following the ‘Brexit’ vote on Friday, the cross is now managing to pick up pace and approach the key barrier at 137.00 the figure.

Further depreciation of the Japanese yen is also collaborating with the daily recovery, as its safe haven appeal is losing momentum against an improved sentiment towards the risk appetite.

GBP/JPY key levels

As the moment the cross is losing 1.09% at 136.32 and a break above 140.00 (psychological level) would allow a visit to 145.34 (low Jun.16) and finally 150.06 (20-day sma). On the flip side, the next support lines up at 133.18 (post-Brexit low Jun.24) followed by 131.50 (monthly low Dec.2012) and then 125.63 (monthly low Nov.2012).