On Monday, the British Pound surged by 101 pips or 0.67% against the Japanese Yen. The currency pair breached the upper line of an ascending channel pattern during the Asian session on Tuesday.
Everything being equal, the exchange rate could continue to trend bullish during the following trading session. The potential target for buyers would be near the 153.50 level.
However, the currency exchange rate could encounter resistance at 152.50 within this session.
