GBP/JPY: Starts Off Negative

The pair starts its daily trading with a bearish slope after finding a strong resistance level near the psychological barrier of 150.00.

On the technical side, today, we tend to be negative in our trading, relying on trading stability below the aforementioned resistance, in addition to stochastic gaining bearish momentum.

We target 149.35 as a first target, knowing that a break puts the pair under strong negative pressure towards 148.80, and losses may extend later to a visit of 148.40. In general, we will continue to suggest the bearish trend as long as trading remains below 150.00.

S1: 149.35	R1: 150.35
S2: 148.80	R2: 150.85
S3: 148.35	R3: 151.35