Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Positive trading dominated the pound’s moves against the Japanese yen within the expected bullish path, touching the first target to be achieved yesterday at 140.10 / 140.15, recording a high of 140.31.
On the technical side, the current trading is witnessing a slight bearish slope under pressure from the negative signs that began to appear on the stochastic indicator.
Therefore, we may witness a bearish tendency during the coming hours, targeting 138.50 as a first target, knowing that breaking 138.50 will extend the pair’s losses to visit 138.00.
Only from the top, crossing to the upside and rising above 139.70 will stop the bearish scenario and lead the pair to the official bullish path with targets starting at 140.50 / 140.70.
| S1: 138.50 | R1: 139.90 |
| S2: 138.05 | R2: 140.75 |
| S3: 137.20 | R3: 141.30 |
