GBP/JPY retakes the 180.00 level

FXStreet (San Francisco) - After a brief period of consolidation around 179.50; GBP/JPY is resuming its uptrend and has retaken the area of 180.00. Next frontier is today's highs around 180.30.

Currently, GBP/JPY is trading at 180.11, up 1.35% on the day, having posted a daily high at 180.30 and low at 177.54. GBP/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

GBP/JPY levels

If the pair consolidates levels above 180.00, the GBP/JPY will find next resistances at 180.30 and 180.50. To the downside, supports are at 179.80, 179.00 and 178.25.