Negativity continues to dominate the pound sterling’s movements against its Japanese counterpart, hitting its lowest level at the end of last week’s trading around 149.20. On the technical side today, we are inclined to the negativity, relying on the negative signals coming from the stochastic indicator and the stability of …
Read More »GBP/JPY: Further Downside in The Pipeline
GBP/JPY is trading deep in the negative territory after successfully breaking the psychological support level of 150.00. It then started pressuring on the 149.50 level during the early trading of the current session. Technically speaking, today, we are biased negatively based on the apparent negativity features on the stochastic indicator …
Read More »Yen slows down U. S. dollar rally
The Japanese yen has reaped gains and versed directions on Thursday. The USD/JPY is trading currently at 111.48, down 0.41% during the day’s trading session.The yen previously experienced six successive losing sessions and dropped about 2 percent. On Wednesday, USD/JPY was above the 112 line for the first time since …
Read More »GBP/JPY: Continue to Make Gains
GBP/JPY jumped within the expected positive outlook, touching the first target at 152.30, recording its highest level during the morning session of today’s session of 152.46. On the technical side today, with the pair getting a positive stimulus from the 50-day moving average, which is accompanied by positive signs on …
Read More »GBP/JPY: Rises Quietly
Positive trades dominated the movements of GBP/JPY, benefiting from maintaining trading above the 151.10 support level. Technically, we notice the stability of the intraday movements above the support level of 151.10, as we find the stochastic indicator started sending positive crossover signals on the 4-hour time frame, in addition to …
Read More »GBP/JPY: Rises Quietly
Positive trading dominated the movements of the pound sterling against its Japanese counterpart within the expected bullish context during the previous report, recording the highest around 151.65. Technically, we noticed the stability of the intraday movements above the support level of 151.10, and stochastic started sending positive acceleration signals on …
Read More »GBP/JPY: Touches The Required Target
GBP/JPY succeeded in achieving the official target to be touched at 149.00, recording its lowest level at 149.02, to the bullish rebound once again, benefiting from building a base on the support level represented in the last target. Technically, by looking at the 60-minute chart, we find that the RSI …
Read More »GBP/JPY: Negative Pressure Remains
GBP/JPY managed to touch the first official target at 148.90, recording its lowest level at 148.95. On the technical side today, and with a careful look at the 240-minute chart, we find the negative features are still dominating the stochastic indicator and the stability of the intraday trading below the …
Read More »GBP/JPY: Settled Below Support
GBP/JPY fell significantly during the previous trading session, touching the extended target at 149.50, posting the lowest price of 149.20. On the technical side today, we believe that the current positive movements are temporary, and we find that Stochastic has started to lose bullish momentum. Therefore, the bearish bias is …
Read More »GBP/JPY: Breaks Support
GBP/JPY started its daily trading with a bearish bias, after it failed to stabilize for a long time above the 151.00 level. On the technical side, we tend to the negativity today, relying on the stability of trading below the mentioned resistance at 151.00, accompanied by the RSI gaining bearish …
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