GBP/JPY Price Analysis: Pound gives another try at the 133.00 resistance vs. Japanese yen

 

 

GBP/JPY is trading below the 200 SMA on the four-hour chart suggesting a bearish bias. However, the spot is challenging the 133.00 resistance where the market failed last week. Further up the next resistance is seen near the 134.00 figure. As the dominant trend is bearish bears can come back and drive the market towards the 130.80 support initially.