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The pound against the Japanese yen succeeded in achieving the negative outlook, as we expected, touching the first target published during the previous analysis, at a price of 149.65, recording a low of 149.65.
On the technical side today, the price built an intraday above 149.65, accompanied by attempts by Stochastic to get rid of the current negativity.
We tend to be positive in the coming hours, but cautiously, targeting a re-test of 150.20/150.30 before retreating again. Trading below 149.65 cancels the activation of the temporary bullish scenario, and the pair will resume falling, with the first target of 149.15.
Note: the level of risk is high
| S1: 149.65 | R1: 150.20 |
| S2: 149.15 | R2: 150.55 |
| S3: 148.75 | R3: 150.80 |
