Tag Archives: GBP

The pound retreated against the Japanese yen, as we expected. We made clear that breaking 135.15 is a negative pressure factor forcing the pair to touch 134.30, posting its lowest level in early trading at 134.40. Technically, looking at the 60-minute chart, we see the RSI indicator has started to …

The British Pound was able to reach the required downside target mentioned in the previous analysis at 1.2920, recording a low of 1.2880. Technically, we are biased towards the negative side, given the pair’s success in confirming the breach of the support level of 1.2970, which is now turned into …

Negative trading dominated the pound’s movements against its Japanese counterpart, as we expected, surpassing the second target to be achieved at 135.40, posting a low of 134.87. Technically, the current moves are witnessing a slight upward slope, as the pair benefits from building temporarily above 135.50 in addition to the …

The sterling reversed the expected bullish path in the previous analysis, in which we relied on the pair’s attempts to consolidate above 1.3000, we made it clear that trading below the psychological barrier of 1.3000 will stop any attempts to rise and put the price under new negative pressure, its …

The pound retreated against the yen during the previous session, after finding a strong resistance level around 136.60. On the technical side, the pair started its early trading with a bearish tendency, as the current moves see stability below 136.45, accompanied by upcoming negative crossover signals on the stochastic indicator. …

We committed to the intraday neutrality during the previous analysis and that we are waiting for a sign of directional confirmation, indicating that the stability of trading above 1.3050 leads the pair to re-test 1.3080, posting high at 1.3080. On the technical side, by looking at the 4-hour chart, we …

The British Pound opened its daily trading against the Japanese Yen with a slight upward slope, benefiting from building on a support around 136.15. Technically, looking at the 60-minute chart, we see the moving averages have returned to hold the price with the clear bullish momentum on the stochastic indicator. …

The pound tilted negatively against the US dollar, to record its lowest level near the psychological barrier of 1.3000. From a technical point of view, looking at the 4-hour chart, we find the stochastic began to provide signs of a positive crossover with the stability trading above 1.3000 support. On …

The British Pound (GBP) is declining against the US Dollar (USD) and the GBP/USD pair broke the 1.3050 support level. After hitting a fresh daily low of 1.3019, the pair has recovered some of its losses, trading at 1.3041, lower by 0.32% for the day. The pair hit a high …

The British Pound against the Japanese Yen failed to confirm the breach of the strong resistance level published during the previous analysis, located around 137.65. On the technical side, the current movements of the pair are witnessing a bearish tendency due to the negative pressure of the 50-day moving average, …