Noor Trends News, Technical Analysis, Educational Tools and Recommendations
GBP/JPY tends to be positive, benefiting from the stability above 139.80 support.
On the technical side, we tend to be positive, depending on trading above the aforementioned support, in addition to the positive motive of the 50 day moving average.
Therefore, we target 140.65 as a first target, bearing in mind that breaching it strengthens the chances of an upside move towards 141.00 / 141.10.
Only from below is the return of trading stability below 139.80 that is capable of negating the suggested scenario above, and we witness negative trades targeting 139.30 directly.
Note: The level of risk may be high today.
| S1: 139.80 | R1: 140.65 |
| S2: 139.35 | R2: 141.05 |
| S3: 138.85 | R3: 141.55 |
