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The Pound against the Japanese Yen found a good support level around 153.00, to witness the stability of the current movement above the mentioned level.
On the technical side today, and by looking at the short intervals, we find stochastic trying to provide positive crossover signals accompanied by the stability of the RSI above its mid-line.
Thus, we may witness a bullish bias, but with caution in the coming hours, targeting 154.00 before attempts to decline again. The return of trading stability below 153.00/152.85 is able to thwart the proposed scenario and lead the pair to the official descending path with an initial target of 152.20 and extend later towards 151.75.
| S1: 152.85 | R1: 154.00 |
| S2: 152.20 | R2: 154.40 |
| S3: 151.75 | R3: 155.00 |
