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GBP/JPY found a good support level around the first target published during the previous analysis at 148.65, which forced it to retest the 150.00 resistance level.
On the technical side, and despite the bullish intraday tendency, we tend to be negative depending on the clear negativity features on the stochastic indicator, which comes with the price stability below 150.70 resistance level.
Therefore, we will maintain our negative outlook, knowing that the return of trading stability again below 150.00 puts the price under negative pressure, targeting 149.30 and extending to 148.20.
| S1: 149.30 | R1: 150.90 |
| S2: 148.20 | R2: 151.50 |
| S3: 147.65 | R3: 152.55 |
