GBP/JPY: Built on Support

Good rises were witnessed by the sterling pound against the Japanese yen, benefiting from building on the support floor of 147.50, as the current moves witness stability near the highest level during the morning session 147.90.

On the technical side, today, we are positive in our trading, depending on the positive motive of the 50-day moving average, in addition to the stability trading above the mentioned support.

Therefore, we target 148.20 for the first goal, and after that 148.65 for the second goal. The suggested bullish scenario requires intraday trading to remain above 147.50 / 147.45.

S1: 147.45	R1: 148.20
S2: 147.10	R2: 148.65
S3: 146.90	R3: 148.95