13 Dec 2019
GBP/JPY Price Analysis: Pound goes ballistic against yen on UK elections
- GBP/JPY bulls are in full control as the market is having a massive breakout.
- The level to beat for bulls is the 148.00 resistance.
The GBP/JPY currency cross is trading in a bull trend above the main SMAs on the four hour time frame as the bulls are having a massive breakout on UK’s elections. The buyers will probably try to break above the 148.00 handle. Targets to the upside can be seen near the 148.00, 149.00 and 150.00 levels. On the flip side, support is seen at the 146.00 and 145.00 figures.
Additional key levels