{"id":37746,"date":"2020-11-27T11:41:43","date_gmt":"2020-11-27T07:41:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=37746"},"modified":"2020-11-27T11:41:47","modified_gmt":"2020-11-27T07:41:47","slug":"gbp-jpy-still-on-the-downside","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-jpy-still-on-the-downside\/11\/27\/tech-analysis\/","title":{"rendered":"GBP\/JPY: Still on The Downside"},"content":{"rendered":"\n

Negative trading dominates pound’s movements against its Japanese counterpart, after finding strong resistance near the psychological level of 140.00.<\/p>\n\n\n\n

On the technical side, today the current movements are witnessing a bearish bias, due to the pressure of the clear negative crossover signals on the stochastic indicator, in addition to the intraday trading remaining below 139.50 resistance.<\/p>\n\n\n\n

The expected bias during the coming hours is a bearish trend that targets a retest of 138.65, a first target, knowing that the breach of the aforementioned level extends the losses, so that we are waiting for 138.30 for as a next stop.<\/p>\n\n\n\n

On the upside, the stability of trading once again above 139.55 \/ 139.60 negates the suggested scenario and leads the pair to the official bullish path, with initial targets starting at 140.20 and may extend to 140.50.<\/p>\n\n\n\n

Warning: The level of risk may be high today.<\/p>\n\n\n\n

S1:\u00a0138.65<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td>R1: 139.55\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr>
S2:<\/strong>\u00a0138.30\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td>R2:<\/strong>\u00a0140.15 \u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr>
S3:\u00a0137.70\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td>R3: 140.50<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/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":"

Negative trading dominates pound’s movements against its Japanese counterpart, after finding strong resistance near the psychological level of 140.00. On the technical side, today the current movements are witnessing a bearish bias, due to the pressure of the clear negative crossover signals on the stochastic indicator, in addition to the intraday trading remaining below 139.50 …<\/p>\n","protected":false},"author":9,"featured_media":37749,"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-37746","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\/37746","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=37746"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37746\/revisions"}],"predecessor-version":[{"id":37750,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37746\/revisions\/37750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37749"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}