Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The British pound jumped against the Japanese yen, achieving notable gains, as we expected, touching the required target at 154.00, to record its highest level at 154.32.
Today, we tend to the positivity, relying on the pair’s success in building a base at the support level of 153.50, which is accompanied by the positive motive of the 50-day moving average, which returned to hold the price from below, in addition to the positive crossover signs on the stochastic indicator.
Therefore, the bullish bias is likely today; knowing that the breach of 154.30 will extend the pair’s gains, we will be waiting for 154.60 first target and then 155.10 next station.
Activating the suggested bullish scenario depends on trading stability above 153.50, and most importantly 153.30.
| S1: 153.30 | R1: 154.70 |
| S2: 152.55 | R2: 155.10 |
| S3: 152.00 | R3: 155.90 |
