GBP/JPY: Breaks Through The Resistance

Positive moves regained control over the movements GBP/JPY after building on the support floor of 152.00.

On the technical side today, with the stability of trading above the support mentioned above, in addition to the positive motive coming from the 5-day moving average. This increases the change of the upside,, knowing that the breach of 152.55 increases the strength of the bullish bias to open the door for 152.80 and 153.20, respectively.

In case the strong support level 152.00 is broken, this will postpone the chances of a rise, but it does not cancel it, and we will witness a bearish slope that aims to retest 151.70 and 151.30. CAUTION: The risk level is high.

S1: 152.00	R1: 152.55
S2: 151.70	R2: 152.80
S3: 151.30	R3: 153.20