Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Negative trading dominated the movements of the pound sterling against the Japanese yen, to record its lowest level during yesterday’s session 150.35.
On the technical side today, the current movements are witnessing a slight bullish slope due to the positive crossover signs that started appearing on the stochastic indicator.
We are inclined to the intraday positivity on the short time frames, which targets retesting 151.35/151.40, a first target, and the gains may extend to visit 151.70 before retracing again.
Note: the temporary bullish bias does not contradict the daily bearish trend, with official targets are around 149.80.
Note: The level of risk may be high.
| S1: 150.65 | R1: 152.00 |
| S2: 150.15 | R2: 152.70 |
| S3: 149.35 | R3: 153.20 |
