Technical analytics

GBP/JPY

The trend is objectively bullish now. However, the pound started a new week on a negative note. The pair turned bearish in the night and pressured the 153.00 handle. Sellers almost regained the level when buyers fought back control and pushed the price towards the 153.50 region. The resistance lies at 154.00, the support is at 155.00.

Despite the overall positive sentiment we expect a pull back to the 153.00-152.50 area now.

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