Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Positive trading dominated the pound’s movements against its Japanese counterpart within the expected upward trend, touching the second target to be achieved, 141.70, posting a high of 142.02.
On the technical side, we are positive in our trading, relying on the positive motive of the 50-day moving average, in addition to trading stability above 141.10.
We are targeting 142.30 as a first target, and a breakout thereof consolidates the gains for the visit of 142.80. A reminder that the activation of the suggested bullish scenario requires stability above 141.10 / 141.00, and breaking it will negate the activation of the bullish trend and put the pair under strong negative pressure aiming at re-testing 139.70.
Note: The level of risk may be high today.
| S1: 141.05 | R1: 142.30 |
| S2: 140.30 | R2: 142.80 |
| S3: 139.70 | R3: 143.60 |
