GBP/JPY did not show any change for the second session in a row within a bearish sideways range, between support level of 152.60 and resistance level of 153.60. Technically, we tend to negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, and the clear …
Read More »GBP/JPY: Waiting For a New Signal
The British Pound was little changed during the previous trading session within a sideways bearish range, confined between the support level of 152.00 and the resistance of 153.60. On the technical side, we tend to be negative, relying on the continuation of the negative pressure coming from the 50-day moving …
Read More »GBP/JPY: Facing Negative Pressure
Negative movements dominate the pound’s movements against its Japanese counterpart within the expected bearish path towards our targets. On the technical side, we are inclined in our trading to the negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, which continues the negative pressure …
Read More »GBP/JPY: Facing Negative Pressure
Negative trades dominated GBP/JPY, touching the first target mentioned in the last analysis at 152.80. On the technical side, we are inclined in our trading to the negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, which continues the negative pressure on the price …
Read More »GBP/JPY: Retest Resistance
The pound declined against the Japanese yen, remarkably within the expected bearish path, surpassing the second target required, at 154.40, to record as low as 153.12. On the technical side, the bearish trend is still more likely today due to the continuation of negative pressure from the simple moving averages …
Read More »GBP/JPY: Trades Cautiously Ahead of BoE
Mixed trading dominated the pound’s movements against its Japanese counterpart, in a bullish direction, after finding a good support floor near the 155.00 level. On the technical side, we noticed that the stochastic indicator reached overbought areas and gradually lost the bullish momentum. We find the 50-day moving average as …
Read More »GBP/JPY: Touches The Target
The pound declined against the yen within the expected bearish path, touching the first target we mentioned at 154.70, recording the lowest price at 154.65. Technically, we are inclined to the negativity in our trading, depending on the bearish technical figure shown on the chart, in addition to the negative …
Read More »GBP/JPY: Continues to Touch Bearish Targets
Negative trading dominated the pound’s movements against the Japanese yen within the expected bearish path, touching the target to be achieved around 155.00, recording its lowest level at 155.13. On the technical side today, we tend to be negative in our trading, relying on the stability below the previously broken …
Read More »GBP/JPY: Tends to Negativity
The pound fell against the yen noticeably during last Friday’s trading, canceling the positive outlook as we expected, retesting the psychological support level of 156.00. On the technical side, today, we are inclined to the negativity, relying on the stability of the intraday trading below the minor resistance level at …
Read More »GBP/JPY: Trying to Recover
Positive trading regained control over the pound’s movements against its Japanese counterpart, benefiting from positive stability above the 156.00/156.30 support level. Technically, we notice the positive crossover signals coming from the stochastic indicator, coinciding with the price’s movement above the 50-day moving average. Therefore, we tend to be positive, but …
Read More »