Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Various moves took control of the pound sterling against its Japanese counterpart, as the current trading witnesses attempts by the pair to build a base on the floor of the support of 193.50.
On the technical side, and with a closer look at the chart, we find a conflict in the technical signals between the negative pressure coming from the 50-day moving average, and the positive attempts of the RSI.
From here, and with the conflict of technical signals, we will stand completely neutral due to the high risk compared to the expected return, and we will leave the pair to continue until the technical vision becomes more accurate.
Expected daily trading levels 139.10-140.50.
| S1: 139.55 | R1: 141.20 |
| S2: 139.10 | R2: 140.50 |
| S3: 138.80 | R3: 140.80 |
