Mixed trades dominated the pound’s movements against its Japanese counterpart, but moves tended to be negative after the pair found a resistance level around 147.50. On the technical side, we tend to be negative, relying on the loss of the bullish momentum stochastic on short time frames. We aim to …
Read More »Pound Gives up Gains
Oil, Crude, trading
Read More »GBP/JPY: Achieves Strong Gains
The pound sterling against the Japanese yen jumped within the expected positive outlook, surpassing the official target required to be achieved during the previous analysis, located at 147.00, recording a high of 147.30. On the technical side, trading remains above 146.80, accompanied by positive motives for the simple moving averages …
Read More »Pound Continues to Outperform US Dollar
Oil, Crude, trading
Read More »GBP Scores Large Gains Against JPY
The British Pound (GBP) extended its gains against the Japanese Yen (JPY) on Monday, amid a strong performance by the Sterling and the JPY seeing decreased demand as a safe haven amid increased risk appetite. The GBP/JPY has scored gains during each of the past four weeks, and today the …
Read More »GBP/USD Sees Best Levels Since 2018
The British Pound (GBP) rose on Monday against the U.S. Dollar (USD) to its highest level in about three years. Gains by the Sterling Pound came amid the decline of the USD, as well as an improved sentiment in the United Kingdom (UK) that the rollout of Coronavirus vaccines will …
Read More »GBP/JPY: Starts on The Positive Side
Positive trading dominated the pound’s movements, ahead of the Japanese yen, to start its first weekly trading on a bullish slope, recording a high of 145.95 during early trading for the current session. On the technical side, today, with trading remaining above the previously breached resistance, which turned to the …
Read More »GBP Exploits Weakness of Dollar Achieving Strong Gains
Oil, Crude, trading
Read More »GBP/JPY: Faces Negative Pressure
Negative trading returned to dominate the movements of the British pound against its Japanese counterpart, after finding a strong resistance level near the psychological barrier of 145.00. On the technical side, we tend to be negative in our trading, relying on trading remaining below 144.90, which is accompanied by the …
Read More »Pound Retesting Support
Oil, Crude, trading
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