Appetite for safe-haven assets has picked up in recent trade amid a deterioration in US shares due to retreating market sentiment.EUR/JPY has been tilting lower and looks for direction to end the day with losses of about 0.5%. The first Omicron Covid-19 infection has identified in America and, shares reacted …
Read More »GBP/JPY: Retests Resistance
GBP/JPY traded with clear negativity, as we mentioned during yesterday’s technical report, targeting 149.80, and the pair recorded its lowest level at 149.72. Technically, and with careful consideration of the short time frames, we find the 50-day moving average trying to push the price to the upside, accompanied by the …
Read More »GBP/JPY: Facing Negative Pressure
Negative movements dominated the movements of GBP/JPY after it found a resistance level around 151.70, which forced it to retest 150.60. On the technical side, and by carefully looking at the 60-minute chart, we notice the continuation of the negative pressure coming from the 50-day moving average, in addition to …
Read More »GBP/JPY: Negative Pressure is in Place
USD/JPY movements witnessed a negative trading session within the expected proactive path, touching the first target of 152.00, approaching by a few points near the second target of 151.50, recording the lowest price at 151.70. Technically, and with careful consideration on the 4-hour chart, we notice that the simple moving …
Read More »GBP/JPY: Below Support
Negative trading returned to dominate the movements of the pound sterling against its Japanese counterpart after several consecutive sessions of a slight incline, recording the highest price of 154.06. Technically, the pair failed to maintain trading above the previously broken support level located at 153.60/153.40, as we find the negative …
Read More »GBP/JPY: Maintains Bullish Trend
The USD/JPY was little changed, and the technical outlook remained the same, within a tendency to rise, recording its highest level at 154.22. On the technical side, we are inclined to the positivity, based on stability and intraday stability above the support level of 153.40, in addition to the clear …
Read More »GBP/JPY: Rising Gradually
The GBP/JPY pair is trading with noticeable positivity, after it succeeded in building on the support floor published during the previous analysis, at 153.50, approaching by a few points from the first target that is required to be touched at 154.30, recording the highest during the morning trading session at …
Read More »GBP/JPY: Achieves Positive Goals
GBP/JPY succeeded in achieving the first ascending target at the price of 154.50, which must be touched, during the report issued last Friday, recording the highest price of 154.47. Technically, we tend to a positive trading session, relying on the positive motive of the 50-day moving average, which continues to …
Read More »GBP/JPY: Positivity Remains
GBP/JPY achieved the first bullish target required to be touched at 154.30, recording its highest level at 154.34. On the technical side, today, we tend to the positivity, but with caution, relying on the pair’s success in building the support floor of 153.80 and most importantly 153.60, accompanied by the …
Read More »GBP/JPY: Making Significant Gains
The British pound jumped against the Japanese yen, achieving notable gains, as we expected, touching the required target at 154.00, to record its highest level at 154.32. Today, we tend to the positivity, relying on the pair’s success in building a base at the support level of 153.50, which is …
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