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Narrow sideways trading dominates the movements of the pound sterling against the Japanese yen, trapped between the support of 155.00 and the resistance level of 156.00
On the technical side today, we tend to the negative side, but with caution, relying on the stability of trading below 155.60, accompanied by the clear negative signs on the stochastic indicator.
Therefore, the bearish bias is likely today, targeting 154.80, knowing that breaking the latter increases the negativity, paving the way for a visit to 154.50.
Skipping up and rising above 155.65 supports chances of rising towards 165.00, and it was completed later towards 156.30.
Note: The level of risk is high
| S1: 154.80 | R1: 155.65 |
| S2: 154.50 | R2: 156.05 |
| S3: 154.00 | R3: 156.35 |
