Daily technical analysis of the pound against the Japanese yen 25-2-2020

The GBP pair is trading against the Japanese in an ascending channel on H4, as shown in the above picture. Opportunities to buy the pair are still present, but we must bear in mind that the confidence index on our site shows us that the pound is negative and weak by 0.53%, which is the weakest currency in the market now, but the Japanese yen It represents the strongest currency in the market now on the confidence index by 0.47%, and this gives us a warning that the pair will press the uptrend of the channel more and more

According to the chart, the pair is technically in a bullish state inside the ascending channel

How to enter the pair: We wait for a break of the sub-top at 143.60 and note the change in the confidence index on the site towards the strength of the pound or the weakness of the yen, and we target it as a target of 144.90

In the event that the pair pressed negatively and broke the ascending channel on H4, we wait for the 142.50 level to be broken and target a negative level of 141.60