The Pound
versus the Yen is a pair that it is usually very volatile with big swings.
During that last few days the pair has kept a good bullish trend, but
consolidates around the 135.00 level. Today we can see that the bullish
momentum comes in again and the pair rallies. If it continues going higher,
then the 139.00 level may act as its next resistance. Below the 135.00 level,
the next supports in sight are the 132.00 level or the 55 day EMA, purple line.
The lows on the chart at the 126.69 level and the 124.85 level may also act as
support.
Useful information, will keep it in mind!
ReplyDeleteThe uptrend is still very strong.
ReplyDeleteIt's very bullish indeed.
ReplyDeleteI agree with your assessment.
ReplyDeleteIt seems to have found some resistance.
ReplyDeleteVery good analysis, well explained.
ReplyDeleteGood article, thank you.
ReplyDeleteThanks for sharing your point of view.
ReplyDelete