Bearish momentum pressured the British Pound lower against the Japanese Yen on Friday. The GBP/JPY currency pair tested the 151.55 level during the Asian session on Monday.
Currently, the exchange rate is traders near the support line at 151.50. If the support level holds, a surge towards the 50– hour simple moving average at 153.18 could be expected in this session.
However, if the currency exchange rate breaks the support line, the next target for sellers could be near the 150.21 area.
