GBP/JPY: Settled Above Support

Positive trading dominated the pound’s movements against the Japanese yen, nullifying the negative outlook, as we expected touching the stop-loss order published in the previous analysis at a price of 149.80, recording its highest level at 150.73. Recouping part of the losses of the sell position.

On the technical side today, trading is stable above 149.70 and in general above 149.30, the incline supported by the continuation of the pair getting positive signals from the RSI.

Thereby trading above 150.85 is extending the gains to be the path open directly towards 151.65.

Note: The level of risk is high and careful consideration is required.

S1: 149.20	R1: 150.85
S2: 148.20	R2: 151.65
S3: 147.50	R3: 152.50