GBP/JPY: Declined to Touch The Second Goal

The pound sterling against the Japanese yen remarkably declined to touch the second target during the previous trading session, at 151.30, recording its lowest level at 150.92.

Technically, we are inclined to the intraday positivity, relying on temporary stability above 150.90, which is accompanied by the attempts of stochastic to obtain intraday positive signs.

We aim to retest the previously broken support 151.70 before resuming the decline again.

Note: the intraday bullish bias does not contradict the daily bearish trend.

S1: 150.65	R1: 152.00
S2: 150.15	R2: 152.70
S3: 149.35	R3: 153.20