Key 130.00 level support as well.
The GBPJPY has marched lower in trading today after holding against the 100 hour MA on Friday and plunging lower after the weaker US data (and GBP jitters).
The low for the day has reached 130.08 - just shy of the key psychological 130.00 level. The pair traded below the 130.00 level on July 6th, 7th and 8th. The lowest close was 130.04. This is key support. Looking at the hourly chart, the pair is also testing a lower trend line at the 130.02 level.
Look for buyers/profit takers against the level with stops on a break lower.
