GBP/JPY: Starts Positively

Positive trading dominated the movements of GBP/JPY, to start with a bullish bias, attacking the resistance level of the psychological barrier 152.00.

Technically, the pair built on the support level 151.60, accompanied by positive signs that started appearing on the RSI over the short time intervals.

From here, the bullish bias is likely today, targeting 152.45 and 152.70, respectively, knowing that the latter’s breach is a catalyst that increases the possibility of touching 153.20.

Breaking 151.60 will negate the activation of the bullish scenario and put the price under negative pressure, with its initial target of retesting 151.10/151.00.

S1: 151.65	R1: 152.45
S2: 151.10	R2: 152.75
S3: 150.70	R3: 153.20