GBP/JPY:ِ Settled Above Support

The Pound against the Japanese Yen found a good support level near 151.50, which forced the pair to rebound upwards to retest the 153.65 resistance level.

On the technical side, we tend to be positive, but with caution, relying on the stability of the intraday trading above 153.00, accompanied by the RSI’s attempts to obtain bullish momentum.

Therefore, we are targeting 154.00 the first target, and breaching it increases the probability of touching 154.40. To remind you that trading below 153.00 will immediately stop the limited bullish bias and put the price under strong negative pressure, with an initial target 152.00.

S1: 152.00	R1: 154.40
S2: 150.45	R2: 155.25
S3: 149.55	R3: 156.80