Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pound sterling, against its Japanese counterpart, was able to touch our first desired target mentioned in the previous technical analysis, located at 145.00, to hit a high of 144.95.
On the technical side, we find the pair stable above the 50-day moving average, which meets around the support level of 143.90 and adds more strength, in addition to the clear positive crossover signals on the stochastic indicator.
Consequently, we may witness a bullish bias during the coming hours, to confirm the breach of 145.00 / 145.10 targeting 145.40 and 145.80, respectively. The suggested scenario requires stability above 143.90.
| S1: 143.35 | R1: 145.10 |
| S2: 143.90 | R2: 145.40 |
| S3: 143.65 | R3: 145.85 |
