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The British pound presented negative trades against the Japanese yen during the previous trading session, to touch the awaited target of 153.60.
On the technical side, we tend to the negativity, relying on the clear negativity features on stochastic, missing the bullish momentum, in addition to the stability of trading below 153.60.
Therefore, the bearish bias is likely today, targeting 152.60, and then 152.10 a second target. The return of stability above 153.60 invalidates the activation of the bearish scenario, and the pound is witnessing a slight bullish bias with the aim of retesting 154.10.
| S1: 152.60 | R1: 153.60 |
| S2: 152.10 | R2: 154.10 |
| S3: 151.60 | R3: 155.10 |
