GBPJPY - Intraday - We look to Buy a break of 153.76 (stop at 153.44)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A break of 153.75 is needed to confirm follow through bullish momentum.
Prices have reacted from 152.38.
Short term momentum is bullish.
Our profit targets will be 154.66 and 154.86
Resistance: 153.70 / 154.00 / 154.50
Support: 153.20 / 153.00 / 152.70
Confidence is 40%
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A break of 153.75 is needed to confirm follow through bullish momentum.
Prices have reacted from 152.38.
Short term momentum is bullish.
Our profit targets will be 154.66 and 154.86
Resistance: 153.70 / 154.00 / 154.50
Support: 153.20 / 153.00 / 152.70
Confidence is 40%
