Oil, Crude, trading
Read More »GBP/JPY: May Witness a Temporary Bearish Bias
Positive trading dominated the movements of the pound sterling against the Japanese yen, heading towards touching the second target at 152.70, recording the highest level at 152.68. Technically, today, the pair’s current moves are witnessing a bearish slope due to hitting the resistance level of 152.70, which is our desired …
Read More »The British Pound Testing Support
Oil, Crude, trading
Read More »GBP/JPY: Starts Positively
Positive trading dominated the movements of GBP/JPY, to start with a bullish bias, attacking the resistance level of the psychological barrier 152.00. Technically, the pair built on the support level 151.60, accompanied by positive signs that started appearing on the RSI over the short time intervals. From here, the bullish …
Read More »The Pound Breaks Through Resistance
Oil, Crude, trading
Read More »GBP/JPY: Fails to Break Through The Resistance
GBP/JPY failed to confirm breaching the psychological resistance level of 152.00, to return to trade negatively, touching the stop-loss order at 151.60, recording the lowest around 151.45. On the technical side today, the pair closed below the mentioned resistance level at 152.00, accompanied by the negative pressure of the 50-day …
Read More »The pound Facing Negative Pressure
Oil, Crude, trading
Read More »GBP/JPY: Looking For Extra Momentum
The British pound continues to trade positively against the Japanese yen, benefiting from stability above the support level of 151.70/151.60. On the technical side, today we tend to the positivity, but cautiously, relying on the clear positive signs on the RSI, which coincides with the clear positivity features on the …
Read More »The Pound Breaks Support
Oil, Crude, trading
Read More »GBP/USD Down for Second Day in Row
The British Pound (GBP) extended its losses against the rising U.S. Dollar (USD) for the second consecutive session. The GBP/USD pair lost 0.38% to reach 1.3785, logging its largest single-day decline since August 26. Markets are closely anticipating the upcoming policy meeting for the Bank of England (BoE) later this …
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