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Negative trading dominated the pound’s movements against the Japanese yen, as a result of hitting psychological barrier resistance 152.00.
On the technical side, today we are biased negatively depending on trading stability below the mentioned resistance, in addition to the RSI gaining bearish momentum over the short time intervals.
Therefore, we target 150.10 the first target, and breaking it will extend the losses of the pair, so that the path will be opened directly towards 149.60.
Overcoming to the upside and rising again above 151.10 delays the chances of a reversal, but does not cancel them, and we may witness a slight bullish slope targeting 151.60 before attempts to retreat again.
| S1: 150.10 | R1: 151.60 |
| S2: 149.60 | R2: 152.50 |
| S3: 148.75 | R3: 153.00 |
