GBP/JPY tumbles to 133.30, session lows

The selling bias around the British pound has gathered extra pace on Tuesday, dragging GBP/JPY to test fresh lows in the 133.30 area.

GBP/JPY focus on BoE, Carney

The cross has fully faded last week’s spike to the boundaries of 139.00 the figure, coming down to test post-Brexit lows in the 133.30 region following a pick up in the selling pressure around GBP and renewed buying interest surrounding the safe haven JPY.

Ahead in the session, the BoE will release its Financial Stability Report followed by the speech by Governor M.Carney. Previously, UK’s Services PMI has missed expectations at 52.3 during June.

GBP/JPY key levels

As the moment the cross is losing 1.93% at 133.64 and a breakdown of 133.18 (post-Brexit low Jun.24) would open the door to 131.50 (monthly low Dec.2012) and then 125.63 (monthly low Nov.2012). On the upside, the next hurdle is located at 139.05 (high Jun.29) followed by 145.20 (20-day sma) and finally 153.44 (55-day sma).