Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pound witnessed a bullish bias during yesterday’s session within the expected positive outlook in the previous analysis, surpassing the first target of 152.00, recording a high of 152.24.
On the technical side today, the stability of the intraday trading above 151.40 is a positive factor that increases the probability of continuing the surge, in addition to the trading stability above the 50-day moving average, which is still holding the price from below.
We are targeting 152.55 as the first goal, and then 152.90 respectively. Trading below 151.4 has the ability to invalidate the bullish scenario, and we may witness bearish bias aimed at re-testing 150.60 and 150.10 before rising again.
Note The risk level is high.
| S1: 151.40 | R1: 152.55 |
| S2: 150.60 | R2: 152.95 |
| S3: 150.10 | R3: 153.70 |
