Noor Trends News, Technical Analysis, Educational Tools and Recommendations
GBP/JPY jumped within the expected positive outlook, touching the first target at 152.30, recording its highest level during the morning session of today’s session of 152.46.
On the technical side today, with the pair getting a positive stimulus from the 50-day moving average, which is accompanied by positive signs on the stochastic and the stability of the intraday trading above 151.50 and in general above 151.00.
From here, the bullish bias is the most preferred, targeting 152.90 as a first target, considering that the confirmation of the recent breach is a catalyst that enhances the chances of a rise to visit 153.40.
Trading below 151.10 will stop the positive side, and we will witness a bearish bias; with its initial target located around 150.65, it may extend towards 150.10. Note: the risk level may be high today.
| S1: 151.55 | R1: 152.90 |
| S2: 150.65 | R2: 153.40 |
| S3: 150.10 | R3: 154.30 |
