The pound achieved noticeable gains against the Japanese yen, canceling the expected negative outlook during the previous analysis, touching the stop-loss order published during the previous analysis. On the technical side, today, with the return of trading stability above the psychological barrier support level 142.00, accompanied by the positive stimulus …
Read More »GBP: Based on Support
Oil, Crude, trading
Read More »GBP/JPY: Faces Negative Pressure
The pound sterling against the Japanese yen started its morning trading for the current session with clear negativity after hitting the resistance level of 142.30. On the technical side today, and with the continuation of the negative pressure of the 50-day moving average that meets around 142.00, in addition to …
Read More »GBP: Pressing Support
Oil, Crude, trading
Read More »GBP/JPY: On Positive Side
Positive trading dominated the movements of the pound sterling against the Japanese yen, cancelling the negative outlook, as we expected, and touching the stop loss order published in the previous analysis at 142.20. On the technical side, the current moves are witnessing a bullish bias supported by the positive motive …
Read More »GBP: Starts Positively
Oil, Crude, trading
Read More »GBP/JPY: Faces Negative Pressure
The current moves of the pound sterling against its Japanese counterpart are witnessing a slight bearish bias, as a result of meeting the resistance level 142.30, 2nd goal of previous analysis. On the technical side, we are biased to the negativity relying on the clear negative crossover signals on the …
Read More »GBP: Retesting Support
Oil, Crude, trading
Read More »GBP Rises on Positive BoE Expectations
The British Pound (GBP) is showing a positive performance on Thursday supported by recent remarks by the Bank of England (BoE) Governor Andrew Bailey that suggested the United Kingdom’s (UK) economy will strongly recover from the Coronavirus pandemic thanks to vaccination. “I really do think that we are going to …
Read More »GBP/JPY: Temporary Negative Pressure
The current moves of the pound sterling against its Japanese counterpart are witnessing a slight bearish tendency, as a result of a collision with the resistance level 142.30 represented by the second target of the previous analysis. On the technical side, we are biased to the negativity relying on the …
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