Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pound sterling against the Japanese yen jumped within the expected positive outlook, surpassing the official target required to be achieved during the previous analysis, located at 147.00, recording a high of 147.30.
On the technical side, trading remains above 146.80, accompanied by positive motives for the simple moving averages that continue to hold the price from below.
It encourages us to maintain our positive outlook, targeting 147.90 a first target, bearing in mind that confirming the breach of the aforementioned level is a catalyst that paves the way directly towards 148.60.
Only from the bottom, trading below 146.90 delays the bullish chances, but does not cancel it, and we may witness a re-test of 145.90 before continuing the upside again.
| S1: 145.90 | R1: 147.90 |
| S2: 144.60 | R2: 148.60 |
| S3: 143.90 | R3: 149.80 |
