{"id":36280,"date":"2020-10-29T11:15:50","date_gmt":"2020-10-29T07:15:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=36280"},"modified":"2020-10-29T11:15:53","modified_gmt":"2020-10-29T07:15:53","slug":"gbp-jpy-a-bullish-intraday-trend","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-jpy-a-bullish-intraday-trend\/10\/29\/tech-analysis\/","title":{"rendered":"GBP\/JPY: a Bullish Intraday Trend"},"content":{"rendered":"\n<p>Negative trading dominated the pound\u2019s movements against its Japanese counterpart, as we expected, surpassing the second target to be achieved at 135.40, posting a low of 134.87.<\/p>\n\n\n\n<p>Technically, the current moves are witnessing a slight upward slope, as the pair benefits from building temporarily above 135.50 in addition to the positive motive of the 50-day moving average.<\/p>\n\n\n\n<p>From here, we may witness a bullish bias during the coming hours, aiming to re-test the breached support turned into resistance 136.50 \/ 136.45 before attempting to descend again.<\/p>\n\n\n\n<p>On the downside, as long as trading remains below 135.15, the expected scenario will be negated, and the bearish tendency will return to control the pair&#8217;s movements, and we will be waiting for 134.30. Warning: The level of risk may be high.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>135.15<\/strong><\/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>\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>134.30<\/strong><\/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:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>133.80\u00a0\u00a0\u00a0<\/strong><\/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>137.70<\/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>Negative trading dominated the pound\u2019s movements against its Japanese counterpart, as we expected, surpassing the second target to be achieved at 135.40, posting a low of 134.87. Technically, the current moves are witnessing a slight upward slope, as the pair benefits from building temporarily above 135.50 in addition to the positive motive of the 50-day &hellip;<\/p>\n","protected":false},"author":9,"featured_media":36285,"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-36280","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\/36280","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=36280"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/36280\/revisions"}],"predecessor-version":[{"id":36286,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/36280\/revisions\/36286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/36285"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=36280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=36280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=36280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}