Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Negative trading dominated the pound sterling against the Japanese yen, as we expected touching the second target to be achieved during the last report, located at 151.90, recording the lowest price of 151.97.
On the technical side, today we are inclined in our trading to the negative, relying on the breach of the support level of 152.55 accompanied by the negative pressure from the simple moving averages.
Therefore, we are targeting 151.50 and then 150.85, respectively. The return of trading stability above 152.55/152.60 postpones the chances of a decline, and we may witness a retest of 153.20 before descending again.
| S1: 151.50 | R1: 153.40 |
| S2: 150.85 | R2: 154.45 |
| S3: 149.70 | R3: 155.20 |
