GBP/JPY: Continues Its Gradual Rise

There was little change in GBP/JPY, maintaining the bullish bias.

On the technical side, we tend to be positive but cautiously, relying on the stability of the intraday trading above the mentioned support level and the attempts of the 50-day moving average to hold the price.

Therefore, the bullish bias is likely in the coming hours, targeting 151.70 and 152.10, respectively. On the downside, the price stability below 151.00 renews the chances of dominating the bearish bias again, with targets at 150.00.

S1: 151.10	R1: 151.70
S2: 150.70	R2: 152.10
S3: 150.00	R3: 152.70