Noticeable negative trades dominated the movements of GBP/JPY within the idea of the expected bearish tendency during the previous analysis, approaching by a few points the required target of 165.50, recording its lowest level during the early trading of the current session, 165.62. Technically, we find the simple moving averages …
Read More »GBP/JPY: May see a bearish slope 22/6/2022
GBP/JPY was able to record noticeable gains within the expected bullish path during the previous analysis, touching the official target station of 167.00 and approaching by a few points from the second target of 168.00, recording its highest level at 167.85. Technically, the pair’s intraday movements are witnessing a bearish …
Read More »GBP/JPY: Opening the door for more gains 21/6/2022
Positive trading continues to control the movements of the pound sterling against the Japanese yen, reaching the level of 166.22, maintaining positive stability. Technically, we are inclined to the positive, but cautiously, relying on a pivot above the 164.70 support floor, along with the pair obtaining a positive stimulus from …
Read More »GBP/JPY: making gains 17/6/2022
The British pound reached the official target at 164.65, surpassing the target to record its highest level of 165.75. Technically, we tend to the positivity, relying on the pair’s success in stabilizing above 163.65, accompanied by obtaining a positive stimulus from the 50-day simple moving average, which returned to hold …
Read More »BoJ Could Likely Maintain The Same Dovish Stance
The Bank of Japan will announce its monetary policy decision on Friday, June 17 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ could most likely remain the same dovish stance by …
Read More »GBP/JPY: trying to build above the support 16/6/2022
Mixed trades dominated the movements of GBP/JPY during the previous trading session, within attempts to provide a positive bias, building on stability above the support floor 162.30. Technically, and carefully looking at the 60-minute chart, we find the 50-day simple moving average trying to push the price to the upside …
Read More »Market Drivers – US Session – Wednesday, June 15
Central banks are inside the storm amid global tenacious high inflation. The US Fed was the star of Wednesday’s interest rate show. Fed decided to hike rates by 75 bps, the largest since 1994, but dismissed the chances of a 100 bps hike. Fed Chair Powell said it was the …
Read More »GBP/JPY: extends losses 15/6/2022
The British pound extended its losses against its Japanese counterpart after failing to maintain trading and stability above the 163.00 level, recording its lowest price during the last session, 161.35. On the technical side, we tend to the negativity, relying on the pair’s continuing negative pressure from the simple moving …
Read More »GBP/JPY: Looking for extra momentum 13/6/2022
GBP/JPY could achieve the idea of retesting the required target during the previous analysis published at the end of last week’s trading, touching the target of 165.70, recording its lowest level at 165.17. Technically, the current moves are witnessing attempts to stabilize above the 50-day simple moving average and the …
Read More »GBP/JPY: may continue its temporary decline 10/6/2022
The British pound against the Japanese yen succeeded in achieving the idea of retesting the support published during the previous analysis, touching the first target for the retest at 167.00 and approaching by a few points from the second target of 166.50, recording its lowest level at 166.70. On the …
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