GBP/JPY: Faces Negative Pressure

Negative trading returned to dominate the movements of the British pound against its Japanese counterpart, after finding a strong resistance level near the psychological barrier of 145.00.

On the technical side, we tend to be negative in our trading, relying on trading remaining below 144.90, which is accompanied by the clear negativity on Stochastic.

Therefore, in the coming hours, we are targeting 144.45 the first goal, then 144.00 official next stop. Exercising to the upside of the aforementioned resistance negates the bearish scenario, and the pair regains the official bullish path with the target of 145.40.

Note: Risk levels may be high today.

S1: 144.45	R1: 144.80
S2: 144.00	R2: 145.20
S3: 143.70	R3: 145.50