{"id":36207,"date":"2020-10-28T11:00:57","date_gmt":"2020-10-28T07:00:57","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=36207"},"modified":"2020-10-28T11:00:59","modified_gmt":"2020-10-28T07:00:59","slug":"gbp-jpy-faces-negative-pressure","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-jpy-faces-negative-pressure\/10\/28\/tech-analysis\/","title":{"rendered":"GBP\/JPY: Faces Negative Pressure"},"content":{"rendered":"\n<p>The pound retreated against the yen during the previous session, after finding a strong resistance level around 136.60.<\/p>\n\n\n\n<p>On the technical side, the pair started its early trading with a bearish tendency, as the current moves see stability below 136.45, accompanied by upcoming negative crossover signals on the stochastic indicator.<\/p>\n\n\n\n<p>Therefore, we believe that there is a possibility to witness a bearish slope in the coming hours with the first target of 135.70, then 135.40. A reminder that surpassing the upside and rising above 136.50 delays the chances of reversing, any may witness a mild bullish slope that starts at 136.90 \/ 137.00 and may extend to 137.20.<\/p>\n\n\n\n<p>The level of risk may be high and not commensurate with the expected return.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>135.70<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>136.45 &nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>135.45&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R2:<\/strong>&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>136.90 &nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>135.00&nbsp; &nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R3: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>137.20<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The pound retreated against the yen during the previous session, after finding a strong resistance level around 136.60. On the technical side, the pair started its early trading with a bearish tendency, as the current moves see stability below 136.45, accompanied by upcoming negative crossover signals on the stochastic indicator. Therefore, we believe that there &hellip;<\/p>\n","protected":false},"author":9,"featured_media":36212,"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":[7222,6870,7167],"class_list":["post-36207","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-gbp","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/36207","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=36207"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/36207\/revisions"}],"predecessor-version":[{"id":36218,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/36207\/revisions\/36218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/36212"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=36207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=36207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=36207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}