Noor Trends News, Technical Analysis, Educational Tools and Recommendations
GBP/JPY achieved the idea of the rise published during the previous analysis, touching the official target of 151.40, recording its highest level of 151.40.
On the technical side today, looking at the 240-minute chart, we find the simple moving averages continuing to support the bullish curve, in addition to the clear positive crossover signs on stochastic.
Therefore, the bullish scenario remains valid and effective, targeting 151.75 first target, knowing that its breach is a catalyst that consolidates gains to visit 152.20.
Remind that activating the bullish scenario depends on the stability of daily trading above 150.50, and breaking it will postpone the chances of rising, and we witness re-choice 149.80 and 149.50.
Note: The risk level may be high.
| S1: 150.55 | R1: 151.75 |
| S2: 149.80 | R2: 152.20 |
| S3: 149.40 | R3: 152.95 |
