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The pound’s current moves against the Japanese yen are witnessing a slight bearish bias after finding a strong resistance level near 143.70.
On the technical side, the pair started its daily trading by pressing the support level at 143.10 under negative pressure coming from the 50-day simple moving average.
We tend to be negative over the coming hours, targeting 142.80 and 142.50 after, respectively. Trading again above 143.70 is capable of aborting the aforementioned descending attempts, and the pair regains its recovery again with the first goal of 144.10 and 144.45, respectively.
Note: The level of risk is high.
| S1: 143.10 | R1: 143.80 |
| S2: 142.80 | R2: 144.10 |
| S3: 142.50 | R3: 144.45 |
