Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Positive trading regained control of the sterling pound’s moves against its Japanese counterpart, surpassing the target of a re-test published during the previous analysis of 150.30, recording a high of 150.62.
On the technical side today, intraday trading remains above 150.00 that supports the upside, and we find the RSI indicator is stable above the 50 midline.
From here, we will maintain our positive expectations, knowing that confirming the breach of 150.60 increases and accelerates the strength of the bullish bias to visit 151.00, the first target, and 151.45 after it, respectively.
The bullish scenario depends on trading stability in general, at 149.75.
Note: Stochastic is hovering around overbought areas.
| S1: 149.75 | R1: 151.00 |
| S2: 148.95 | R2: 151.45 |
| S3: 148.55 | R3: 152.25 |
