Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Negative trading is controlling the pound’s movements against the Japanese Yen for the second session in a row after the pair failed to stabilize for a long time above the psychological barrier of 154.00.
On the technical side, today, we tend to be negative, relying on trading to remain intact below 154.50, accompanied by gradually losing bullish momentum stochastic.
Therefore, the first target today is around 153.60 and then 153.00 respectively. Trading above 154.50/154.70 will negate the bearish scenario completely, and the pair will recover again so that we are waiting for 155.05, and targets may extend later towards 155.60.
| S1: 153.85 | R1: 154.70 |
| S2: 153.55 | R2: 155.05 |
| S3: 153.10 | R3: 155.60 |
