The Pound Sterling has appreciated about 1.03% in value against the Japanese Yen since last week trading sessions. The surge was stopped by a resistance level formed by the 100-hour SMA at 135.23.
As for the near future, it is likely that the GBP/JPY currency pair will aim for a resistance level formed by the 200-hour simple moving average at 138.07 in the coming days.
However, the 100-hour SMA, the monthly S1 and the weekly R1 near the 135.53 regions could provide resistance for the currency exchange rate during the following trading sessions.
