Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Positive trading dominated the moves of the pound against the Japanese yen, to succeed in reaching its highest level at 153.40 during the early trading of the current session.
On the technical side, we tend to be positive, but cautiously depending on the intraday trading stability above 152.60 in addition to the positive motive of the 50 day moving average.
Thus, the bullish bias is likely today, targeting 153.50 the first target, and breaching it is a catalyst that extends the pair’s gains to visit 153.80 and 154.00, respectively. The bullish scenario depends on trading remaining above 152.60.
| S1: 152.95 | R1: 153.50 |
| S2: 152.60 | R2: 153.80 |
| S3: 152.10 | R3: 154.20 |
