GBP/JPY: Achieving The Required Bullish Goals

Positive trading dominated the movements of the pound sterling against the Japanese yen, touching the official target required to be achieved during the previous analysis at 151.15, recording its highest level at 151.22.

On the technical side, today we tend to be positive with the pair’s success in building a base on the 150.50 support level accompanied by a positive motivation for the simple moving averages.

Therefore, the bullish bias is likely today, targeting 151.60, and then 152.00 a next official stop. Activation of the bullish scenario depends on trading remaining above 150.50.

S1: 150.50	R1: 151.60
S2: 149.70	R2: 152.00
S3: 149.40	R3: 152.60