GBP/JPY made positive trades during the previous trading session, approaching the first target to be touched at 164.10, recording the highest of 163.85. On the technical side today, we find the 50-day simple moving average that supports the bullish price curve, in addition to the pair’s success in building a …
Read More »GBP/JPY: is getting positive signals 8/8/2022
Positive trading dominated the movements of the pound sterling against the Japanese yen within the bullish context, as we expected touching the first target to be achieved 162.60 and approached by a few points from the second target of 163.60, recording its highest level at 163.47. On the technical side …
Read More »GBP/JPY: may witness a temporary rise 5/8/2022
GBP/JPY was able to achieve the bearish targets within the expected negative outlook during the previous analysis, touching the second leg of 161.50, and recording the lowest 161.10 On the technical side today, and with a closer look at the 60-minute chart, we find signs of positivity starting to appear …
Read More »GBP/JPY: the decline continues 4/8/2022
Positive trading dominated the movements of GBP/JPY, cancelling the expected negative outlook during the previous report, in which we relied on the price stability below 162.00. The consolidation above the mentioned level leads the pair to recover temporarily, with a target of 162.90 to record its highest level at 163.06, …
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Read More »GBP/JPY: requires to follow up 3/8/2022
GBP/JPY succeeded in touching the first target required to be achieved during the previous trading session at 159.50, recording its lowest level at 159.44, which forced it to rebound upwards as a result of hitting the mentioned support. Technically, we find the 50-day simple moving average pressuring the price from …
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The yen is set for its biggest streak of gains since the height of the coronavirus crisis in March 2020, as escalating US-China tension over Taiwan and heightened fears of a global economic slowdown boosted the attractiveness of assets that are considered safe investments. The US dollar has struggled broadly, …
Read More »GBP/JPY: touches the bearish target 2/8/2022
The British pound fell against its Japanese rival significantly, at the beginning of this week’s trading, within the expected negative outlook during the previous analysis, touching the first awaited target at the price of 160.40, recording its lowest level at 160.03. Technically, the bearish trend is still dominating the pair’s …
Read More »GBP/JPY: awaits further decline 1/8/2022
GBP/JPY starts its first weekly trading with a solid bearish tendency after it failed to maintain trading above 162.10, recording its lowest level during the early trading of the current session at 161.27. Technically, the daily trend is still bearish due to stability below the previously broken support-into-resistance, which is …
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The Japanese yen rose on Friday, set for its biggest weekly gain in four months against the dollar on bets that US interest rates are nearing a peak after data on Thursday showed that the world’s largest economy unexpectedly contracted in the second quarter. Futures markets expect US interest rates …
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