Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Tight sideways trading is limited between the support level of 155.00 and the resistance level of 156.00.
On the technical side today, the pair continues to obtain positive signals from the 50-day moving average, which meets around the 155.00 level.
This increases the possibility that we will witness a bullish slope with an initial target of 156.00 and extends later towards 156.30. Confirmation of breaking 155.00/154.90 will immediately stop the bullish bias, and the pound against the yen witnessed a bearish trend targeting 154.50 and 154.00 after that, respectively.
Note: The level of risk is high.
| S1: 154.90 | R1: 155.65 |
| S2: 154.50 | R2: 156.00 |
| S3: 154.00 | R3: 156.35 |
