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Tag Archives: yen

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 …

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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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