The British pound continues to advance against its Japanese counterpart and starts today’s session positively, attacking the strong resistance level at 157.40. On the technical side, we tend to the positivity, relying on the stability of the intraday trading above the 156.60 support level, accompanied by positivity signs that start …
Read More »GBP/JPY: Settles Above Support Level 11/1/2022
GBP/JPY made positive attempts, building on a support level of 155.60, recording a high of 157.40. Technically, we tend to the positivity, relying on the stability of the intraday trading above 156.00 support level accompanied by the positivity features that start to appear on the stochastic indicator and getting rid …
Read More »GBP/JPY: Trying in The Positive Direction 10/1/2022
The positive attempts of the pound against the Japanese yen continue after it managed to benefit from the 156.50 support level, to reach its highest level during today’s session at 157.30. On the technical side, we tend to be positive, but with caution, relying on the stability of trading above …
Read More »GBP/JPY: Stable Below Resistance 7/1/2022
GBP/JPY touched the mentioned bearish target during the previous report, at 156.00, recording the lowest price at 156.10. On the technical side today, despite moving above the 50-day moving average, we tend to the negativity, relying on the stability of the daily trading below the main resistance level 157.60/157.50, in …
Read More »GBP/JPY: Facing Negative Pressure 6/1/2022
The technical outlook is unchanged, and the movements of GBP/JPY did not change significantly, maintaining the bearish path as we expected, settling below 157.50. On the technical side today, we expect a bearish bias in the coming hours, based on the stability of the intraday trading below the resistance level …
Read More »GBP/JPY: Witnessing a Temporary Bearish Slope 5/1/2022
Positive trades dominated the movements of the pound sterling against the Japanese yen within the expected bullish path during the previous analysis, exceeding the second target that is required to be achieved at 156.70, recording the highest level at 157.43. On the technical side today, we expect a bearish bias …
Read More »GBP/JPY: Makes Strong Gains 4/1/2022
The British pound against its Japanese counterpart made noticeable gains and started today’s trading session by attacking the psychological barrier resistance level 156.00. Technically, today, we find the 50-day EMA returned to carry the price below, which comes in conjunction with the positive signals coming from the RSI on the …
Read More »GBP/JPY: Touches Bullish Targets 16/12/2021
GBP/JPY achieved the idea of the rise published during the previous analysis, touching the official target of 151.40, recording its highest level of 151.40. On the technical side today, looking at the 240-minute chart, we find the simple moving averages continuing to support the bullish curve, in addition to the …
Read More »GBP/JPY: Looking For Extra Momentum 14/12/2021
Positive movements dominated the movements of the British pound against its Japanese counterpart, within attempts to stabilize above the support level of 149.60. Technically, and carefully looking at the 60-minute chart, we find Stochastic is trying to get rid of the current negativity, in addition to the RSI’s attempts to …
Read More »GBP/JPY: The Positivity is Still There 13/12/2021
During the previous analysis, GBP/JPY achieved the expected positive outlook, touching the first official target at 150.40, recording the highest at 150.50. Technically, and by looking at the 60-minute chart, we find the 50-day moving average, which provides a positive motive, accompanied by the positivity of the stochastic indicator. From …
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