GBP/JPY: Continues Its Gradual Rise

The bullish trend dominated the movements of the pound sterling against the Japanese yen within the positive outlook as we expected, touching the first target 151.80 and approaching by a few points from the second target 152.40, only to record the highest level of 152.30.

Technically, the current moves are witnessing stability above 151.80, accompanied by the pair getting a positive stimulus from the simple moving averages that continue to hold the price from below.

Therefore, we will maintain our positive expectations, targeting 152.55, considering that the confirmation of the last breach is a catalyst that enhances the chances of touching 152.90 next stations.

Trading again and the price stability below 151.60 postpones the chances of a rise and forces the pair to retest 151.00 initially.

Note: NFP is due today, we may witness high volatility

S1: 151.60	R1: 152.55
S2: 151.00	R2: 152.90
S3: 150.65	R3: 153.50