Noor Trends News, Technical Analysis, Educational Tools and Recommendations
GBP/JPY managed to achieve the negative outlook, as we expected, touching the second target mentioned in the previous analysis at 149.60, recording a low of 149.36.
On the technical side today, the price builds below the resistance level of 149.90, in addition to the pair continuing to get negative pressure from the simple moving averages.
It encourages us to maintain our negative expectations targeting 149.00, bearing in mind that trading below the last increases and accelerates and confirms the strength of the bearish trend, so that the way is directly open to visit 148.50 and then 148.10, respectively. Activating the bearish scenario depends on trading remaining below 149.90.
| S1: 149.00 | R1: 150.25 |
| S2: 148.50 | R2: 151.10 |
| S3: 147.70 | R3: 151.60 |
