Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pair of Pound against the Yen witnessed a positive slope within the bullish path, as we expected yesterday, and it begins to attack the psychological barrier of 137.00.
Technically, we find that the 50-day moving average hold the price in addition to the pair building above the resistance-into-support around 135.90 / 136.00.
We think that the bullish chances remain intact, targeting 137.30 as a first target that might extend later towards 137.80.
A reminder that a break of 136.00 negates attempts to rise and forces the pair to retest the support level at 135.30. Caution: The level of risk may be high.
| S1: 136.30 | R1: 137.00 |
| S2: 135.90 | R2: 137.30 |
| S3: 135.55 | R3: 137.75 |
