Tag Archives: GBP

Negative trading continues to pressure the pound against the Japanese yen within the expected bearish path after the pair failed to maintain trading above 149.80. On the technical side, we tend to be negative, with stochastic gaining bearish momentum, which is accompanied by the negative pressure from the 50-day moving …

Oil, Crude, trading

The pound retreated against its Japanese counterpart, a noticeable decline within the expected bearish path, in which we relied on the stability of 151.10 tradings. Technically speaking, we are biased negatively depending on the negative signs coming from the stochastic indicator, in addition to trading below 151.00. We are targeting …

Oil, Crude, trading

The pound fell against the yen during last Friday’s trading, touching the first target to be achieved, which is located at 150.55, recording its lowest price of 150.27. On the technical side, today there are some positive signs that started appearing on the stochastic indicator, but the 50 day moving …

Oil, Crude, trading

Negative trading was dominated by the pound’s movement against its Japanese counterpart, after finding a strong resistance level near 152.50. On the technical side, today, we await the occurrence of a bearish tendency during the coming hours, depending on the clear negativity features on the stochastic indicator, in addition to …

Oil, Crude, trading

The British Pound (GBP) recovered from its earlier losses on Monday, as the U.S. Dollar (USD) showed a mostly positive performance across the board. In addition, the recent development of the European Union (EU) taking legal action against the United Kingdom (UK) has increased market uncertainty about the future of …

The pound maintained positive stability against its Japanese counterpart, after finding a good support floor near the level of 151.20. On the technical side today, and with a closer look at the chart, we find the 50-day moving average is still providing a positive motive, accompanied by the stability of …