Forex Trading: GBPJPY update. Trading near resistance

The GBPJPY is trading near resistance levels of 203.55 (the 100 hour moving average) and near the 38.2% retracement level of the move down from  the May 2nd high at 203.24.   A move above the 203.55 level would solicit additional buyers.

Meanwhile, the GBPUSD was able to breach the 1.9620 level but was could not maintain the bid above it.  The pair is testing the 1.9567 level which is the 100 hour moving average.   A close above the 1.9620 level or below the 1.9567 level should provide the short term direction in the near term.