GBP/JPY: Maintains Positive Stability

The technical outlook remains unchanged, and the pair’s moves have not changed little, as part of attempts to maintain the positive stability above the support level of 144.00 / 143.90.

The technical aspect today indicates the possibility of continuing the rally with the pair consolidating above 144.45, in addition to the positive motive of the 50-day moving average.

Therefore, we tend to be positive, targeting 145.20 as a first target, knowing that breaching it is a catalyst that extends the pair’s gains, so the way is open directly towards 145.45.

Only from below, a break of 144.00 will stop the bullish trend and put the price under negative pressure. Its initial target is 143.50.

Note: The risk level may be high today.

S1: 144.45	R1: 145.20
S2: 144.00	R2: 145.45
S3: 143.70	R3: 145.85