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Positive trading dominated the movements of the pound sterling against its Japanese counterpart, touching the official target to be achieved yesterday, located at 140.35, posting a high of 140.31.
On the technical side, today we find the price is stable above 139.30, and the RSI indicator is stable above the middle line. From here, by steadily trading above the aforementioned support level, the bullish scenario remains valid and effective, knowing that trading above 140.30 is a catalyst that enhances the chances of an upside to visit 140.65, the first target, and 141.20 after it, respectively.
Only from below is the return of trading stability and the confirmation of the breach of the 139.30 support level that delays the bullish chances, but does not cancel it.
A retest of 138.50 before resuming the rally again.
| S1: 139.30 | R1: 140.65 |
| S2: 138.45 | R2: 141.20 |
| S3: 137.90 | R3: 141.95 |
