Mixed trades dominated the pound’s movements against its Japanese counterpart, but moves tended to be negative after the pair found a resistance level around 147.50. On the technical side, we tend to be negative, relying on the loss of the bullish momentum stochastic on short time frames. We aim to …
Read More »GBP/JPY: Achieves Strong Gains
The pound sterling against the Japanese yen jumped within the expected positive outlook, surpassing the official target required to be achieved during the previous analysis, located at 147.00, recording a high of 147.30. On the technical side, trading remains above 146.80, accompanied by positive motives for the simple moving averages …
Read More »GBP/JPY: Starts on The Positive Side
Positive trading dominated the pound’s movements, ahead of the Japanese yen, to start its first weekly trading on a bullish slope, recording a high of 145.95 during early trading for the current session. On the technical side, today, with trading remaining above the previously breached resistance, which turned to the …
Read More »GBP/JPY: Faces Negative Pressure
Negative trading returned to dominate the movements of the British pound against its Japanese counterpart, after finding a strong resistance level near the psychological barrier of 145.00. On the technical side, we tend to be negative in our trading, relying on trading remaining below 144.90, which is accompanied by the …
Read More »GBP/JPY: Maintains Positive Stability
The technical outlook remains unchanged, and the pair’s moves have not changed little, as part of attempts to maintain the positive stability above the support level of 144.00 / 143.90. The technical aspect today indicates the possibility of continuing the rally with the pair consolidating above 144.45, in addition to …
Read More »GBP/JPY: Successfully Testing The Support
The British pound was able to successfully retest the support level published during the previous analysis, located at 143.90, to record its lowest level during the previous trading session at 144.00, to return to the upside rebound. The technical aspect today indicates the possibility of continuing the rally with the …
Read More »GBP/JPY: Looking For Momentum
The technical outlook remains unchanged, and the pound’s moves against the Japanese yen have not changed little, preserving the positive stability above 144.00. On the technical side, today we find the pair is stable above the 50-day moving average, which meets around the support level of 143.90 and adds more …
Read More »GBP/JPY: Attacks The Resistance
The pound sterling, against its Japanese counterpart, was able to touch our first desired target mentioned in the previous technical analysis, located at 145.00, to hit a high of 144.95. On the technical side, we find the pair stable above the 50-day moving average, which meets around the support level …
Read More »GBP/JPY: Building on Support
The pound against the yen succeeded in touching our published target during the previous analysis, located at 142.80, recording its lowest price of 142.80, to rebound once again to the upside, taking advantage of the support level of 142.80, which is our first target. The chances of it rising towards …
Read More »GBP/JPY: Tends to be Negative
Negative trading is dominating the movements of the pound sterling against its Japanese counterpart within the expected bearish path, approaching a few points difference from the published target of 142.80, recording the lowest price of 142.95. On the technical side, the pair started its daily trading by pressing the support …
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