The pound against its Japanese counterpart touched the first target published during the previous report, at 156.45, recording the highest level at 156.72. Today, and carefully looking at the 60-minute chart, we notice that the pair continues to obtain a positive stimulus from the 50-day simple moving average, accompanied by …
Read More »GBP/JPY: Trying Positively 8/2/2022
The British pound continues its attempts to maintain the bullish bias against its Japanese counterpart within the bullish path published during the previous analysis, recording its highest level at 156.25. Technically, today, and as seen on the 60-minute chart, there is a possibility to continue rising with the price stability …
Read More »GBP/JPY: Stable Above The Support 7/2/2022
Positive trading dominated the pound’s movements against its Japanese counterpart within the expected bullish path during the previous analysis, touching the required price station at 156.10, recording the highest of 156.50. Technically, and as seen on the 60-minute chart, there is a possibility to continue rising with the price stability …
Read More »GBP/JPY: May Continue to Rise 3/2/2022
Positive trading dominated the pound’s movements against the Japanese yen within the ascending path published in the previous analysis, touching the target price station at 155.45, recording the highest price of 155.45. On the technical side, the pair’s current movements are witnessing a bullish bias, building on 154.70 support level, …
Read More »GBP/JPY: Building on Support 2/2/2022
Positive moves returned to dominate the movements of the GBP/JPY building on a support level of 154.50, which helped the pair rebound upwards, and it is now hovering around its highest level during the early trading of the current session 155.20. On the technical side today, and with careful consideration …
Read More »GBP/JPY: Encounters Strong Resistance 1/2/2022
Positive trades dominated the GBP/JPY, but positive trades are still limited due to the pair’s failure to breach the psychological resistance level of 155.00. Technically, with the movement below 155.00 accompanied by the negativity of the stochastic indicator, as shown on the 4-hour chart, this makes the bearish scenario the …
Read More »GBP/JPY: Positivity in Place 31/1/2022
During the previous report, GBP/JPY achieved the first required target, at 155.00, recording the highest level at 155.02. On the technical side, the pair’s intraday movements are witnessing stability above the support level of 154.50, accompanied by positive signs that started appearing on stochastic, in addition to moving above the …
Read More »GBP/JPY: Repeats The Chances of Rising 28/1/2022
Mixed trading dominated the pound’s movements against the Japanese yen within a not-good technical context, trying to build above the support level of 154.00. On the technical side today, the pair’s intraday movements are witnessing a slight bullish tendency due to stabilizing above the psychological support level of 154.00, as …
Read More »USD/JPY Rallies For Second Day
The USD dollar marches firmly in the North American session, with the DXY surging 1.34%, above 97.00. The US dollar gains come on the back of the US central bank’s looming hike of interest rates, most probably in the March meeting.The USD/JPY pair is upward biased, though a break above …
Read More »GBP/JPY: Breaks Support 27/1/2022
The negative trades regained control over the movements of the British pound against the Japanese yen after it hit the resistance level of 154.75 to start its daily trading on a bearish slope. On the technical side today, and carefully looking at the 60-minute chart, we notice the clear negative …
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