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GBP, JPY, Technical analysis, Pound, Yen

GBP/JPY:ِ Starts on The Negative Side

Adel 14 June, 2021 11:17 am Daily Technical Analysis, Technical Analysis

Negative trading dominated the movements of the pound sterling against the Japanese yen within a sideways that tends to negative. On the technical side, trading stability below the psychological barrier of 155.00 supports the negativity, in addition to stochastic losing the bullish momentum gradually.

Therefore, the bearish bias is likely today, targeting 154.00 first target, knowing that breaking 154.00 puts the price under strong negative pressure, its initial target 153.70. Activating the bearish scenario requires the price to remain below 155.10.

S1: 154.40R1: 155.45   
S2: 153.70R2: 155.85    
S3: 153.30   R3: 156.55

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