GBP/JPY Surges Above 100 Day MA

The GBP/JPY advanced above 100 day MA at 135.10 for the first time before the summer season. Moreover, the pair managed to surpass above the 38.2% retracement at the same area at 135.06 area. 

Presently, GPB trades at 135.17 JPY, which is another minor gain of 0.062 JPY or 0.05% from the previous close of 135.120 JPY.

The daily range is from 135.04 to 135.23, while the trading volume is 74.673K.

The next level could reach 135.797 and then 136.50 and 137.745.

The 50% of the decline from the March high comes in at 137.702. In case the pair advances above the 100 day MA does not hold, a break back below the rallying100 hour MA at 133.942.

GBPJPY 3 month chart