GBP/JPY was able to record noticeable gains within the expected bullish path during the previous analysis, touching the official target station of 167.00 and approaching by a few points from the second target of 168.00, recording its highest level at 167.85. Technically, the pair’s intraday movements are witnessing a bearish …
Read More »GBP: retested support 22/6/2022
Oil, Crude, trading
Read More »GBP/JPY: Opening the door for more gains 21/6/2022
Positive trading continues to control the movements of the pound sterling against the Japanese yen, reaching the level of 166.22, maintaining positive stability. Technically, we are inclined to the positive, but cautiously, relying on a pivot above the 164.70 support floor, along with the pair obtaining a positive stimulus from …
Read More »GBP: retested support 21/6/2022
Oil, Crude, trading
Read More »GBP/JPY: making gains 17/6/2022
The British pound reached the official target at 164.65, surpassing the target to record its highest level of 165.75. Technically, we tend to the positivity, relying on the pair’s success in stabilizing above 163.65, accompanied by obtaining a positive stimulus from the 50-day simple moving average, which returned to hold …
Read More »GBP: retest scenario 17/6/2022
Oil, Crude, trading
Read More »GBP/JPY: trying to build above the support 16/6/2022
Mixed trades dominated the movements of GBP/JPY during the previous trading session, within attempts to provide a positive bias, building on stability above the support floor 162.30. Technically, and carefully looking at the 60-minute chart, we find the 50-day simple moving average trying to push the price to the upside …
Read More »GBP moves cautiously and eyes are on BoE 16/6/2022
Oil, Crude, trading
Read More »GBP/JPY: extends losses 15/6/2022
The British pound extended its losses against its Japanese counterpart after failing to maintain trading and stability above the 163.00 level, recording its lowest price during the last session, 161.35. On the technical side, we tend to the negativity, relying on the pair’s continuing negative pressure from the simple moving …
Read More »GBP takes heavy hits from the USD 15/6/2022
Oil, Crude, trading
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