Lower swing area between 153.455 to 153.53
The GBPJPY has extended to a new session low and in the process is testing a lower swing area between 153.45 and 153.53. There were a number of swing lows going back to the week of May 10 and May 17 (on the four hour chart below). A break below that level will have traders targeting the 50% midpoint of the move up from last week's low to last week's high. That level comes in at 153.221.
![Lower swing area between 153.455 to 153.53](http://az705044.vo.msecnd.net/20210628/2021-06-28_8-49-58.jpg)
On the topside, the pair fell below another swing area between 153.76 and 153.83. That is a close risk level for sellers now. Stay below keeps the bears more control..