Tag Archives: GBP

GBP/JPY succeeded in achieving the first ascending target at the price of 154.50, which must be touched, during the report issued last Friday, recording the highest price of 154.47. Technically, we tend to a positive trading session, relying on the positive motive of the 50-day moving average, which continues to …

French President Emmanuel Macron said, Friday, that the UK is playing with France’s nerves over fishing licenses. Macron also reaffirmed that the UK is not respecting post-Brexit fishing arrangements and reiterated that his government would continue to support the fishermen until they get their licenses. GBP has not reacted to …

GBP/JPY achieved the first bullish target required to be touched at 154.30, recording its highest level at 154.34. On the technical side, today, we tend to the positivity, but with caution, relying on the pair’s success in building the support floor of 153.80 and most importantly 153.60, accompanied by the …

At 1.3490, the GBP/USD pair is trading near to the highs of Wednesday’s US session. This move signals the pair’s ability to depart a 1.3396 a low to start climbing to a one-week high after data showed UK inflation surged to a 10-year high last month.The pound is significantly firmer …

The British pound jumped against the Japanese yen, achieving notable gains, as we expected, touching the required target at 154.00, to record its highest level at 154.32. Today, we tend to the positivity, relying on the pair’s success in building a base at the support level of 153.50, which is …

Following Tuesday’s strong retail sales and industrial production readings, the GBP/USD pair has fallen back from earlier session’s highs in the 1.3470s and is back trading around 1.3430s. Earlier during the European trading session, the pair had surged as much as 0.5%, boosted by a strong labour market report that …

The British pound managed to touch the retest target published during the previous analysis, at 153.50, recording its highest level during the early trading of the current session, 153.48. Technically, the pair’s success in building a support floor of 152.80 and the price stability above the 50-day moving average increases …

Relations between the UK and EU have been tattered due to the brinkmanship over the British threats to trigger an emergency clause known as Article 16 of the Northern Ireland Protocol. European Commission’s Maros Sefcovic said the EU will consider all tools at its disposal if the UK Government triggers …

After several consecutive sessions of the sideways trend tilted to the downside, GBP/JPY managed to touch the first awaited target at 152.50, recording its lowest level at 152.38. On the technical side, the 50-day moving average still supports the possibility of a decline, in addition to stabilizing trading below the …

GBP/JPY did not show any change for the third consecutive session within a sideways range sloping to the downside, between the support level of 152.60 the resistance level of 153.60. Technically, we are inclined in our trading to the negativity, relying on the negative pressure coming from the 50-day moving …