Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The British Pound continues trading negatively against the Japanese Yen within a gradual decline towards the awaited target of 149.45, to settle for the lowest level at 149.58.
On the technical side, we will maintain our negative outlook, relying on stability below 150.50/150.60, accompanied by clear negative signs on Stochastic.
Consequently, the bearish scenario will remain intact, targeting 149.65, and then 149.15 / 149.10 a next stop. To remind you that trading below 150.55 / 150.65 is an important and fundamental condition for continuing the decline.
| S1: 149.65 | R1: 150.55 |
| S2: 149.15 | R2: 151.00 |
| S3: 148.75 | R3: 151.60 |
