GBP/JPY: Continues to Achieve Our Upward Goals

GBP/JPY jumped within the expected bullish context, touching the official target station at 153.20, recording the highest level at 153.75.

On the technical side today, we find the positivity continuing to dominate the stochastic, accompanied by the positive motive for the 50-day moving average, which holds the price from below.

From here, with steady intraday trading above the support level of 153.00/153.10, the bullish bias is likely, targeting 15410/154.00, a first target, considering that the breach of the latter extends the awaited gainer towards 154.40. NS

The return of trading stability below 153.10 will immediately stop the bullish bias and put the price under negative pressure, intending to retest 152.40 and 152.00 before attempts to rise again.

S1: 153.10	R1: 154.10
S2: 152.40	R2: 154.40
S3: 152.00	R3: 155.00