GBP/JPY: Continues to Rising

The pound against the Japanese yen continued to achieve gains within the bullish حشفا, as we expected, touching our required official target of 152.15, recording a high of 152.15.

Technically, trading has stabilized above the support level of 151.60 and in general above 151.20 supports the positivity, in addition to the positive motive coming from the 50-day simple moving average.

Consequently, chances of an upside move may remain, knowing that the breach of 152.45 will facilitate the required task of visiting 152.90. A reminder that trading remains above 151.20 is an important and fundamental condition for activating the bullish scenario, and breaking the aforementioned level negates the activation of the bullish bias and puts the price under strong negative pressure, its initial target of 150.40, and may extend to 150.00.

S1: 151.20	R1: 152.45
S2: 150.40	R2: 152.90
S3: 150.00	R3: 153.70