Positive trading dominated the moves of the pound against the Japanese yen, approaching a few points difference from the target published during the previous analysis at 139.50, to record its highest level at 139.43. On the technical side, the current moves are witnessing a bearish tendency, as the pair found …
Read More »The Pound Losing Momentum Gradually
Oil, Crude, trading
Read More »GBP/JPY Reiterating Chances of Upside
The British Pound against the Japanese Yen found a solid support floor around 136.80, to witness the current moves, an upward slope approaching a re-test of 138.80 resistance. On the technical side, and by looking at the 60-minute chart, we find the 50-day moving average supports the upside. This comes …
Read More »GBP Fully Neutral Until The Clarity of Direction
Oil, Crude, trading
Read More »GBP/JPY Retest Resistance
Negative trading dominated the pound’s movements against the Japanese Yen, as we expected, touching the target to be achieved mentioned in the previous analysis, at 138.10, recording 138.20, its lowest price during the previous session. On the technical side, today the current moves are witnessing a slight upward slope, as …
Read More »Pound Continues to Decline Against US Dollar
Strong declines in the movement of the pound against the US dollar approached by a few points from the first target of the current wave of decline, as we expected at 1.3220, recording a low at 1.3242. On the technical side, and with a closer look at the 4-hour chart, …
Read More »GBP/JPY: Tends to be Negative
Mixed trades tended to positively dominate the movements of the pound sterling against the Japanese yen, posting its highest level at 140.35. On the technical side, the current moves are witnessing stability below 140.00, as the stochastic indicator is still providing signs of a negative crossover. From here we will …
Read More »Cable Facing Negative Pressure
Mixed trades dominated the movements of the pound sterling against the US dollar, cancelling the negative outlook and touching the stop-loss order published in the previous analysis at 1.3410, recording its highest level at 1.3480. On the technical side, and despite the bullish tendency, we tend to be negative. We …
Read More »GBP/JPY: Below Resistance
The British pound is showing positive moves against the Japanese yen, benefiting from stability above 138.50 support. On the technical side, and with a closer look at the 4-hour chart, we find that the stochastic indicator began to gradually lose the bullish momentum, and the simple moving averages are still …
Read More »Cable Starts With a Limited Positivity
The British pound opened its early trades for the current session with a slight upward slope after several consecutive sessions of retreat against the US dollar within limited attempts to rise, benefiting from the psychological barrier support level of 1.3300. On the technical side, the price has stabilized below the …
Read More »