GBP/JPY Trying to Stabilize Above Support

GBP/JPY achieved the expected bullish limited bias we target in the last analysis at 154.00, recording the highest level at 153.97.

The pair’s current trading is witnessing price stability above the support level of 153.30, as we find the RSI stable above the mid-line 50.

We tend in our trading to the positive, but with caution, provided that the breach of 154.00 is confirmed to enhance the chances of rising towards 154.40 and 154.80, respectively. On the other hand, breaking 153.30 will invalidate the bullish scenario and put the price under negative pressure, targeting 152.70.

Note: NFP is due today and we may witness high volatility.

S1: 153.35	R1: 154.00
S2: 153.00	R2: 154.40
S3: 152.70	R3: 155.00