Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Against the Japanese yen, the pound managed to achieve the first required target during the previous report, located at 151.20, recording its lowest level at 151.20.
On the technical side, trading remains stable below the psychological barrier 151.90 resistance, and we find negative signs still dominating the stochastic indicator.
Therefore, the bearish scenario will remain valid and effective targeting 1515.10, and breaking it puts the price under negative pressure, its second target around 150.70.
Surpassing the resistance level of 152.00 is able to completely negate the bearish scenario and lead the pair to a bullish path, with targets starting around 152.80.
| S1: 151.10 | R1: 152.00 |
| S2: 150.70 | R2: 152.50 |
| S3: 150.15 | R3: 152.80 |
