- GBP / JPY is challenging 130.80 support on Wednesday.
- The bears are back in control by looking at the figure of 130.00.
Four-hour GBP / JPY chart
GBP / JPY is trading below the main SMA on the four-hour chart, suggesting a downward bias. The spot calls into question the 130.80 support where the market found support a few days ago. However, while the dominant trend remains down, bears can try to overcome the support level of 130.80 and set their target on the figure of 130.00.
Resistance: 132.00, 133.00
Support: 130.80, 130.00