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Mixed trading tends to be positive, dominating the movements of the pound sterling against the Japanese yen, within attempts to benefit from the 151.00 support level.
On the technical side, we are inclined to the positive side, but cautiously, relying on the stability of the intraday trading above the mentioned support level, in addition to the attempts of the 50-day moving average to hold the price from below.
Therefore, the bullish bias is likely in the coming hours, targeting 151.70 and 152.10, respectively. On the downside, the price’s stability below 151.00 renews the chances of dominating the bearish bias again, with targets starting at 150.00. Note: the level of risk is high
| S1: 151.10 | R1: 151.70 |
| S2: 150.70 | R2: 152.10 |
| S3: 150.00 | R3: 152.70 |
