The British pound rose against its Japanese counterpart during the previous session, canceling the negative outlook as we expected and touching the stop loss order published during the previous analysis at 151.60, to hit its highest level near the psychological barrier of 152.00.
On the technical side, today, with the return of trading stability above 151.30 and the most important 150.90, accompanied by positive RSI signals.
This increases the probability of continuing the rally to visit 152.30 and 152.65, respectively. The suggested scenario requires stability above 150.90.
S1: 151.30 | R1: 152.00 |
S2: 150.90 | R2: 152.30 |
S3: 150.50 | R3: 152.65 |