GBP/JPY Losing Bullish Momentum

The pound retreated against the Japanese yen noticeably, ending a series of gains, heading to retest the required target at 151.00, reaching a low of 150.80.

On the technical side, today we are biased negatively depending on trading stability below 151.60 accompanied by the RSI losing bullish momentum over short time intervals.

Therefore, a bearish bias is likely today, targeting 150.60 and 150.20 after it, respectively. From the top, any attempts to stabilize above 151.60 will negate the bearish bias, and the pair will start to trade positively again, with an initial target of 152.20.

S1: 150.60	R1: 151.60
S2: 150.20	R2: 152.20
S3: 149.60	R3: 152.65