Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Negative trades highlight the moves of the pound against the Japanese yen after it successfully retested the 149.20 resistance level.
Technically, we tend to be negative in our trading, relying on trading remaining below the resistance level of 148.70, accompanied by the negativity of the stochastic indicator that started losing the bullish momentum.
Therefore, we are targeting 147.75 and 147.35, respectively. Surpassing the upside and rising again above 148.70 is capable of thwarting the bearish scenario and leading the pair to a bullish path with a target of 149.00 / 149.20.
| S1: 147.75 | R1: 149.00 |
| S2: 147.35 | R2: 149.70 |
| S3: 146.60 | R3: 150.15 |
