GBP/JPY: Tends to be Negative

Mixed trades tended to positively dominate the movements of the pound sterling against the Japanese yen, posting its highest level at 140.35.

On the technical side, the current moves are witnessing stability below 140.00, as the stochastic indicator is still providing signs of a negative crossover.

From here we will maintain our negative outlook, but on condition that 139.50 be broken, targeting 139.10, the price behavior of the pair should be monitored around the aforementioned level, because breaking it puts the price under strong negative pressure targeting 138.70 and then 138.10 later.

Consolidation again above 140.00 will stop the suggested scenario, and we witness a bullish bias targeting 140.40 and may extend to 140.90.

Note: the level of risk is high and not proportional to the expected return.

S1: 138.70	R1: 140.35
S2: 138.05	R2: 140.10
S3: 137.40	R3: 141.80