Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The current moves of the British pound against the Japanese yen are witnessing a slight bullish tendency, benefiting from building on the support level of 153.60.
On the technical side today, we tend to be positive, but cautiously depending on the positive motive of the 50-day moving average, in addition to trading stability above 153.60.
Therefore, the bullish bias may be likely today targeting 154.35, bearing in mind that confirming the breach of the aforementioned level is a catalyst that increases the probability of touching 154.85.
A reminder that activating the suggested scenario requires trading to remain above 153.60.
Note: the level of risk may be high today.
| S1: 153.85 | R1: 154.35 |
| S2: 153.55 | R2: 154.85 |
| S3: 153.10 | R3: 155.30 |
