Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pound against the yen succeeded in touching our published target during the previous analysis, located at 142.80, recording its lowest price of 142.80, to rebound once again to the upside, taking advantage of the support level of 142.80, which is our first target. The chances of it rising towards 144.45, recording its highest price of 144.51 during early trading for the current session.
On the technical side today, the intraday trading remains above 144.00 a positive factor accompanied by positive motivation for the 50-day moving average.
We tend to be positive, but cautiously, targeting 145.00 as a first target, and we are content with only this target due to the high level of risks. Trading again below 144.00 puts the price under negative pressure, targeting a re-test of the previously breached resistance and converted to the 143.50 support level.
| S1: 142.80 | R1: 143.50 |
| S2: 142.55 | R2: 144.00 |
| S3: 142.05 | R3: 144.40 |
