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Positive trading dominated the moves in the pound against the Japanese yen after it succeeded in establishing good support around 136.00.
Technically, we are biased towards the positivity based on the positive signals of the 50 day moving average. As long as the intraday trading remains above 136.65, the bullish bias is likely today targeting 137.70 / 137.60 as a first target, noting that trading above the aforementioned level extends gains towards 138.10.
On the downside, stability below 136.00 will negate the current bullish attempts and put the price under negative pressure, its targets for 135.40
| S1: 136.20 | R1: 137.60 |
| S2: 135.45 | R2: 138.10 |
| S3: 134.90 | R3: 138.90 |
