GBP/JPY: Achieves Positive Goals

GBP/JPY succeeded in achieving the first ascending target at the price of 154.50, which must be touched, during the report issued last Friday, recording the highest price of 154.47.

Technically, we tend to a positive trading session, relying on the positive motive of the 50-day moving average, which continues to hold the price from below, in addition to stabilizing the price above the minor support level 152.45.

Today, we target a retest of 155.30, and its breach is a catalyst that contributes to consolidating gains towards 155.35 following price stations.
However, activating the suggested scenario depends on trading stability above the mentioned support. Breaking it would invalidate the suggested bullish scenario. We will witness a bearish slope with a target of 151.50 before recurring chances of rising.

S1: 152.40	R1: 154.30
S2: 151.50	R2: 155.35
S3: 150.45	R3: 156.25