The pound was able to touch the first target mentioned in the previous analysis against the Japanese yen at 150.10. Technically speaking, the pair’s exchange rate remaining below the psychological barrier of 151.00, in addition to the negative pressure from SMAs. This encourages us to maintain our negative outlook targeting …
Read More »GBP/JPY Hits Resistance And Negativity Persists
Negative trading dominated the pound’s movements against the Japanese yen, as a result of hitting psychological barrier resistance 152.00. On the technical side, today we are biased negatively depending on trading stability below the mentioned resistance, in addition to the RSI gaining bearish momentum over the short time intervals. Therefore, …
Read More »Pound Outperforming Japanese Yen
Positive trades dominated the moves of the pound sterling against its Japanese counterpart, touching the second target to be achieved during the previous analysis of 151.00 touching a high of 151.21. On the technical side today, the pair builds above 150.80 and generally above 150.30 supports the continuation of the …
Read More »GBP/JPY: Attack Resistance
Positive trading regained control of the sterling pound’s moves against its Japanese counterpart, surpassing the target of a re-test published during the previous analysis of 150.30, recording a high of 150.62. On the technical side today, intraday trading remains above 150.00 that supports the upside, and we find the RSI …
Read More »GBP/JPY: Looking For Extra Momentum
The pound against the Japanese yen succeeded in achieving the negative outlook, as we expected, touching the first target published during the previous analysis, at a price of 149.65, recording a low of 149.65. On the technical side today, the price built an intraday above 149.65, accompanied by attempts by …
Read More »GBP/JPY: Selling Pressure Continue
The British Pound continues trading negatively against the Japanese Yen within a gradual decline towards the awaited target of 149.45, to settle for the lowest level at 149.58. On the technical side, we will maintain our negative outlook, relying on stability below 150.50/150.60, accompanied by clear negative signs on Stochastic. …
Read More »GBP/JPY: Negative Pressure Remains
The pound’s moves against the Japanese yen are witnessing a downward tendency to gradually approach the first target required to be touched during the previous analysis, 149.40, to settle for recording a low of 149.65. On the technical side, today, we tend to be negative, citing the continuation of stochastic …
Read More »GBP/JPY: Below Support
Negative trading dominated the pound’s movements against the Japanese yen within the expected bearish context during the previous analysis. On the technical side, we tend to be negative, relying on the confirmation of the pair breaking the support level of 150.70, which is now converted into a resistance level, in …
Read More »GBP/JPY: Confirms The Break
The pound against the Japanese yen managed to touch the first target required to be achieved during the previous analysis, located at 149.65, to hit its lowest level at 149.60. On the technical side, we tend to be negative, relying on the confirmation of the pair breaking the support level …
Read More »GBP/JPY Breaks Support
The pound retreated against the Japanese yen, a noticeable decline, nullifying the positive outlook, as we expected, touching the stop-loss order published in our analysis at 150.50, and as a reminder, we have indicated that any attempts to break the aforementioned level put the price under negative pressure targeting 149.75, …
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