Renewed JYP weakness helped the pound to regain traction. The GBP/JPY made an upward move towards 148.50 first. The pound reached the mark in the mid-European session and continued its upbeat momentum towards 149.00. The resistance lies at 149.00, the support is at 148.00.
Buyers left behind the EMA100 which means that there are no obstacles which could limit the pound’s growth so far. We assume that the major will preserve its positive undertone and may reach 149.00 in the coming sessions.