Pound Outperforming Japanese Yen

Positive trades dominated the moves of the pound sterling against its Japanese counterpart, touching the second target to be achieved during the previous analysis of 151.00 touching a high of 151.21.

On the technical side today, the pair builds above 150.80 and generally above 150.30 supports the continuation of the rally, in addition to the positive motive for the 50-day moving average.

Today, we target 151.75 primary stations, whose bullish targets may extend to 152.25. The bullish scenario requires stability above 150.30.

S1: 149.75	R1: 151.00
S2: 148.95	R2: 151.45
S3: 148.55	R3: 152.25