GBP/JPY:ِ Starts With a Positive Side

Mixed trading dominated the movements of the pound sterling against the Japanese yen within a limited bullish bias, benefiting from retesting the support level of 153.80.

On the technical side, we tend to be positive but cautiously, relying on the positive crossover signs that started appearing on Stochastic.

Therefore, the bullish bias is likely today, with the first target of 155.00/155.10, knowing that breaching the mentioned level increases the possibility of touching 155.70.

Trading below 153.70 is able to thwart any attempts to raise the pair, and we are witnessing negative trades with a target of 153.15/153.00, an initial station that may extend later to visit 152.50.

Note: The risk level may be high.

S1: 153.75	R1: 155.10
S2: 153.15	R2: 155.70
S3: 152.45	R3: 156.40