Tag Archives: GBP

Mixed trading dominated the pound’s movements against the Japanese yen within a not-good technical context, trying to build above the support level of 154.00. On the technical side today, the pair’s intraday movements are witnessing a slight bullish tendency due to stabilizing above the psychological support level of 154.00, as …

The negative trades regained control over the movements of the British pound against the Japanese yen after it hit the resistance level of 154.75 to start its daily trading on a bearish slope. On the technical side today, and carefully looking at the 60-minute chart, we notice the clear negative …

Limited positive trading returned to control the pound’s movements against the Japanese yen during the previous trading session, benefiting from approaching the psychological barrier support level 153.00, recording its lowest price at 153.12. Technically, the pair’s current moves are witnessing stability and a pivot above the support level of 153.20, …

Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …

GBP/JPY continues the negative movements after it failed to maintain trading above the support level of 153.70 and recorded its lowest level during the last session at 152.90. Technically, today, we tend to the negativity, relying on the price stability below the previously broken support level, which is now turned …

Markets were hit by a wave of risk aversion on Monday, benefitting the safe-havens and hurting the risk-sensitive currencies, though the latter group had pared back on much of their earlier underperformance by the end of US trade as risk appetite recovered.Market commentators said that geopolitical concerns about the rising …

GBP/JPY declined noticeably yesterday after it failed to maintain trading above the 155.50 support level, explaining that the decline below the mentioned level puts the price under negative pressure to target 155.10 and 154.70, to record the pair’s lowest level at 154.45. On the technical side, there may be a …

The US dollar traded with a soft tone on Thursday, ending the day mixed across the board. The EUR was among the weakest, while the AUD and the CAD were the strongest. Economic DataDisappointing US employment-related figures were behind the broad dollar’s weakness at the beginning of the American session, …

Mixed trading dominated the pound’s movements against the Japanese yen to witness within a bullish path after it managed to settle above the 155.50 support level. Today, we tend to the positivity, but with caution, relying on the price stability above 155.50 accompanied by positive signs that started appearing on …

Demand for the US dollar eased on Wednesday, with the American currency edging lower against most major rivals. Losses were limited across the major currencies, with gold outstanding amid rallying beyond $1,840 an ounce, its highest since last November.US Treasury yields inched higher at the beginning of the day to …