Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pound against the Japanese yen provided positive trading, attacking the psychological barrier resistance of 152.00, benefiting from stability above the support level of 151.40.
On the technical side, today we tend to be positive, depending on the stability of trading above the aforementioned support, in addition to the pair continuing to get a positive stimulus from the 50 day moving average.
Therefore, the bullish bias is likely today, but we need to witness the breach of 152.00 to visit 152.25, the first target, and then 152.60 a second target.
From the bottom, trading below 151.40 delays upside opportunities, we may witness a bearish trend with target 150.90 then extends towards 150.50.
Note: Stochastic is trading around overbought areas.
| S1: 151.40 | R1: 152.25 |
| S2: 150.90 | R2: 152.60 |
| S3: 150.50 | R3: 153.15 |
