Forex: GBP/JPY holding above 130.00

<!--TITOL:

Forex: GBP/JPY holding above 130.00

FITITOL--> FXstreet.com (Barcelona) - GBP/JPY is marginally higher in Asia-Pacific at 130.09 from an open around 129.90, though retreating from session highs at 130.26. The cross is still lower for the week by -0.36%.

According to the FXMarketAlerts Team: “Pullback temporarily stalled by the 129.02 low set last session with current recovery strength to attract sellers and only higher break of 130.84 hurdle to confirm shift of focus towards upside. Below 129.02, further weakness to target lower support at 128.70 then stronger 127.10,” the team says.

The analysts find support at: 129.75 (intraday level), 129.35 (intraday level), and 129.02 (1 May low), while resistance at: 130.16 (1 May high), 130.84 (30 Apr high), and 131.80 (20/25 Apr highs).