GBP/JPY: Starts on The Positive Side

Positive trading dominated the pound’s movements, ahead of the Japanese yen, to start its first weekly trading on a bullish slope, recording a high of 145.95 during early trading for the current session.

On the technical side, today, with trading remaining above the previously breached resistance, which turned to the 145.40 support level, in addition to the positive motive for the 50-day moving average.

Therefore, a bullish bias is likely today, targeting 146.50 a first target that may extend later towards 147.00. Keep in mind that the suggested scenario requires stability above 145.40.

S1: 145.00	R1: 146.50
S2: 143.90	R2: 147.10
S3: 143.30	R3: 148.10