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The Pound jumped against the Japanese Yen, surpassing the required target within the expected bullish path, reaching its highest level during the previous trading session at 139.60.
Technically, with the pair able to build on the 139.00 support floor, with the pair continuing to get a positive stimulus from the 50-day moving average.
Thus, the bullish bias is likely today, targeting 140.00 as a first target, bearing in mind that breaching it extends gains towards 140.35.
رOn the downside, returning again below the 139.00 support floor will delay the bullishness opportunities, and we may witness a bearish bias targeting 138.75 and may extend later towards 137.30.
| S1: 138.75 | R1: 139.90 |
| S2: 138.00 | R2: 140.35 |
| S3: 137.55 | R3: 141.10 |
