The pound’s movements against its Japanese counterpart are witnessing a bearish bias after meeting a strong resistance level of 137.40.<\/p>\n\n\n\n
Technically, and looking at the 60-minute chart, we tend towards the negativity depending on the clear negative features on Stochastic, which gradually started losing the bullish momentum.<\/p>\n\n\n\n
The bearish bias is favored, targeting 136.40 and 136.70, noting that breaking the latter puts the price under strong negative pressure to target 135.90.<\/p>\n\n\n\n
From the upside, surpassing the resistance level of 137.40 will negate the bearish scenario, and the pair will recover, so we will be waiting for a re-test of 138.20.<\/p>\n\n\n\n
Warning: the level of risk may be high.<\/p>\n\n\n\n
Warning: the expected slight bearish bias does not contradict the daily bullish trend.<\/p>\n\n\n\n The pound’s movements against its Japanese counterpart are witnessing a bearish bias after meeting a strong resistance level of 137.40. Technically, and looking at the 60-minute chart, we tend towards the negativity depending on the clear negative features on Stochastic, which gradually started losing the bullish momentum. The bearish bias is favored, targeting 136.40 and …<\/p>\n","protected":false},"author":9,"featured_media":35232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7222,7167],"class_list":["post-35229","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35229"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35229\/revisions"}],"predecessor-version":[{"id":35233,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35229\/revisions\/35233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35232"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a0136.70<\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R1: 137.40 \u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S2:<\/strong>\u00a0136.30\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R2:<\/strong>\u00a0137.75 \u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S3:\u00a0135.90\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R3: 138.20\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"