GBP/JPY Tends Toward the Negative

The British Pound is witnessing a mild bullish bias against its Japanese counterpart, taking advantage of 136.00 support.

Technically, we tend to be negative, given that the intraday trading remains below 136.80, and in general below 137.25, by looking at the chart, we find that Stochastic started losing the bullish momentum gradually.

The bearish bias will be likely today, provided that 135.70 is breached, which makes it easier to visit 135.00 as the initial target, then 134.50.

S1: 135.70	R1: 137.25
S2: 135.00	R2: 138.15
S3: 134.15	R3: 138.70