GBP/JPY: Tends to be Negative

Sideways trading tends to be positive, confined from the downside, above the support level of 150.50 and below the resistance level of 151.50.

On the technical side, today we tend to the negativity, but with caution, relying on the stability of trading below 151.50, accompanied by the negativity coming from the RSI on the 240-minute time frame.

Therefore, we are targeting 150.50, and we should pay close attention to this level because a break constitutes a negative pressure factor that forces the pair to visit 150.00 initially.

Trading again above 151.50 will stop the expected bearish bias immediately, and we may witness a bullish bias targeting 152.10.

Note: The level of risk is high.

S1: 150.60	R1: 151.70
S2: 150.00	R2: 152.10
S3: 149.50	R3: 152.70