GBP/JPY:ِ Attacks The Psychological Barrier

Positive trading dominated the movement of the pound sterling against the Japanese yen during the previous trading session, recording a high of 154.83.

Technically speaking today, it indicates the possibility of continuing the rise, depending on trading stability above the support level 154.10 in addition to the positive stimulus coming from the 50-day simple moving average.

Thus, the bullish bias is likely today targeting 155.10/155.15 the first target, knowing that breaching it is a catalyst that enhances the chances of the upside to visiting 155.55 the next stop. Trading below 154.10/154.00 will immediately stop the bullish bias and put the price under temporary negative pressure with its target of 153.35.

S1: 154.05	R1: 155.15
S2: 153.35	R2: 155.55
S3: 152.90	R3: 156.25