GBP/JPY succeeded in touching the first target published in the previous analysis, at 151.70, recording a high of 151.95. Technically, the 50-day moving average still supports the daily bullish trend, in addition to the pair’s base on the support floor of 151.10/151.00. Therefore, we will maintain our positive outlook, targeting …
Read More »GBP/JPY: Continues Its Gradual Rise
There was little change in GBP/JPY, maintaining the bullish bias. On the technical side, we tend to be positive but cautiously, relying on the stability of the intraday trading above the mentioned support level and the attempts of the 50-day moving average to hold the price. Therefore, the bullish bias …
Read More »GBP/JPY: Faces a Temporary Rise
Mixed trading tends to be positive, dominating the movements of the pound sterling against the Japanese yen, within attempts to benefit from the 151.00 support level. On the technical side, we are inclined to the positive side, but cautiously, relying on the stability of the intraday trading above the mentioned …
Read More »GBP/JPY: Tends to be Negative
Sideways trading tends to be positive, confined from the downside, above the support level of 150.50 and below the resistance level of 151.50. On the technical side, today we tend to the negativity, but with caution, relying on the stability of trading below 151.50, accompanied by the negativity coming from …
Read More »GBP/JPY: Retests Resistance
Mixed trades dominated the movements of the pound sterling against the Japanese yen, nullifying the negative outlook in which we relied on the price stability below the resistance level of the psychological barrier 151.00; as a reminder, we indicated during the previous analysis that the pair’s attempts to breach the …
Read More »GBP/JPY: Hits Resistance
The GBPJPY pair saw positive moves, reaching the resistance level of 151.00, a psychological barrier. On the technical side today, we ten to the negativity in our trading, relying on the stability of below 151.00, in addition to stochastic losing the bullish momentum gradually. Therefore, the bearish bias is likely …
Read More »GBP/JPY: Repeats Chances to Rise
Positive trading dominated the movements of the pound sterling against its Japanese counterpart within the expected bullish context, heading to touch the target of retesting the resistance published during the previous report located at 150.60 to record its highest level during the early trading of the current session 150.86. On …
Read More »GBP/JPY: Looking For Extra Momentum
Negative trading dominated the movements of the pound sterling against the Japanese yen at the end of last week’s trading, touching the first target at 149.10, recording the lowest of 149.16. On the technical side, there are positive crossover signs that started appearing on stochastic, in addition to stabilizing intraday …
Read More »GBP/JPY: Negative Pressure Remains
The British pound continues to decline against the Japanese yen, after failing to maintain its stability above 150.50, heading towards touching the bearish target published during the previous report at 149.50. On the technical side, we tend to the negative side, relying on the negative pressure coming from the simple …
Read More »GBP/JPY: Retests The Resistance
Negative trading dominated the movements of the pound sterling against the Japanese yen, to record its lowest level during yesterday’s session 150.35. On the technical side today, the current movements are witnessing a slight bullish slope due to the positive crossover signs that started appearing on the stochastic indicator. We …
Read More »