During the previous analysis, GBP/JPY achieved the expected positive outlook, touching the first official target at 150.40, recording the highest at 150.50. Technically, and by looking at the 60-minute chart, we find the 50-day moving average, which provides a positive motive, accompanied by the positivity of the stochastic indicator. From …
Read More »Sterling Retests Support 13/12/2021
Oil, Crude, trading
Read More »GBP/JPY: May Witness a Temporary Rise
For the third consecutive session, the Pound against the Yen succeeded in maintaining the trading level above the support floor published during the previous analysis, at 149.50, which forced it to provide some bullish bounce. On the technical side today, the current movements are witnessing an upward bias due to …
Read More »Sterling Retests The Resistance
Oil, Crude, trading
Read More »Market Drivers – European Session 09-12-2021
Based on a Reuters poll, experts said that the US Federal Reserve will raise interest rates in the third quarter of the next year 2022, earlier than expected (in the fourth quarter) a month ago. Experts believe that the reason for this early change of the US Federal Reserve is …
Read More »GBP/JPY: Extends Its Losses
During yesterday’s trading session, GBP/JPY witnessed noticeable losses within the expected negative outlook during the last analysis, targeting 149.50, recording its lowest level at 149.40. On the technical side, the bearish trend is still the most preferred today, based on the clear negative signs on stochastic that come in conjunction …
Read More »Sterling Continues to Achieve Bearish Targets
Oil, Crude, trading
Read More »Market Drivers – European Session 08-12-2021
During Tuesday’s trading, the S&P 500 and Nasdaq recorded their best days since March, and the Dow Jones Industrial Average rose 492 points, supported by gains in Apple, Salesforce, and American Express. The S&P 500 also posted gains, up 2.1%, and the technology-focused Nasdaq Composite was the outperformer, gaining more …
Read More »GBP/JPY: Back to Negativity
Mixed trading dominated the movements of the pound sterling against the Japanese yen, canceling the positive outlook, as we expected during the previous analysis, recording its lowest level at 150.12.a On the technical side, the pair’s current moves are witnessing stability below the resistance level of 151.00. We notice the …
Read More »Pound Stable Below The Resistance
Oil, Crude, trading
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