GBP/JPY: Maintains Gains

Positive trading dominated the movements of the pound against the Japanese yen, touching the second official target to be achieved at 141.00.

Technically, we tend to be positive in our trades, but cautiously, relying on trading stability above the support level of 140.30 and the most important 140.00, in addition to the attempts of Stochastic to get rid of the current negativity.

The confirmation of the breach of 141.00 / 141.20 will extend the pair’s gains, targeting 141.65 and then 142.20, respectively.

Note: the activation of the suggested scenario depends on the stability of the price at 140.00.

S1: 140.35	R1: 141.20
S2: 139.75	R2: 141.65
S3: 139.45	R3: 142.20