Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pound’s current moves against the Japanese yen are witnessing a slight upward slope after setting a good support floor near 148.60.
On the technical side, despite the bullish bias, we tend to be negative depending on the continuation of the negative pressure coming from the 50-day moving average, in addition to trading stability below the resistance level 149.60/149.70.
Consequently, the bearish bias will remain likely today, targeting 148.65, the first and 148.10.
| S1: 148.65 | R1: 149.55 |
| S2: 148.10 | R2: 150.00 |
| S3: 147.70 | R3: 150.45 |
