Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Against the Japanese yen, the pound was able to touch the first target required to be achieved during the previous trading session at 142.20, recording high at of 142.25.
On the technical side, intraday trading is witnessing a slight bearish tendency as a result of the collision with the psychological barrier of 142.00, and we see the stochastic oscillator began to lose the bullish momentum gradually over short periods of time.
Therefore, we may witness a bearish inclination during the coming hours, with the first target of 141.60 and extending towards 141.30 the next station. Activating the bearish scenario depends on trading remaining below 142.20 / 142.25. Note: the level of risk may be high today.
| S1: 141.60 | R1: 142.25 |
| S2: 141.30 | R2: 142.60 |
| S3: 140.80 | R3: 143.00 |
