GBP/JPY: Looking For Momentum

The technical outlook remains unchanged, and the pound’s moves against the Japanese yen have not changed little, preserving the positive stability above 144.00.

On the technical side, today we find the pair is stable above the 50-day moving average, which meets around the support level of 143.90 and adds more strength, in addition to the clear positive crossover signals on the stochastic indicator.

Confirming the breach of 145.00 / 145.10 is an important and essential condition, targeting 145.40 and 145.80, respectively.

The suggested scenario requires stability above 143.90. Warning: The level of risk may be high today.

S1: 143.35	R1: 145.10
S2: 143.90	R2: 145.40
S3: 143.65	R3: 145.85