The British Pound failed to maintain the trading level above 151.00 psychological barrier resistance, as the current moves in the pair witness a bearish slope. On the technical side, today we are biased negatively in our trading, depending on the negative signs coming from the stochastic indicator. From here, with …
Read More »GBP/JPY: Starts Off Negative
The pair starts its daily trading with a bearish slope after finding a strong resistance level near the psychological barrier of 150.00. On the technical side, today, we tend to be negative in our trading, relying on trading stability below the aforementioned resistance, in addition to stochastic gaining bearish momentum. …
Read More »GBP/JPY: Settled Above Support
Positive trading dominated the pound’s movements against the Japanese yen, nullifying the negative outlook, as we expected touching the stop-loss order published in the previous analysis at a price of 149.80, recording its highest level at 150.73. Recouping part of the losses of the sell position. On the technical side …
Read More »GBP/JPY: Facing Selling Pressure
The current moves of the pound sterling against the Japanese yen are witnessing a bearish bias as a result of the pair’s intraday trading stability below the 149.60 resistance level. On the technical side, we find the stochastic indicator gradually losing the bullish momentum, which supports the possibility that we …
Read More »GBP/JPY Below Resistance
The pound’s movement against the Japanese yen witnessed a bullish bias during the last trading session, however, we are biased towards the negative side. Technically, the price has stabilized below the resistance level of 149.65, a negative factor, accompanied by the clear negative signs on Stochastic. Therefore, the bearish bias …
Read More »GBP/JPY: Faces Negative Pressure
Negative trades highlight the moves of the pound against the Japanese yen after it successfully retested the 149.20 resistance level. Technically, we tend to be negative in our trading, relying on trading remaining below the resistance level of 148.70, accompanied by the negativity of the stochastic indicator that started losing …
Read More »GBP/JPY: Settled Above Support
The pound sterling against the Japanese yen managed to touch the first target located at 147.40, recording the lowest price of 147.40. Technically, the pair found a good support floor around the aforementioned target, and with a closer look at the 60-minute chart, we find that positive features began to …
Read More »GBP/JPY: Faces Negative Pressure
Clear negative trades dominate the pound against the Japanese yen within the bearish correction scenario referred to during the last analysis, touching the required target 148.50, to record its lowest price during early trading for the current session 148.03. On the technical side, we will maintain our negative outlook, relying …
Read More »GBP/JPY: Built on Support
Notable gains dominated the moves of the pound sterling against the Japanese yen within the expected bullish context, surpassing the required target of 148.60, recording a high during early trading for the current session at 150.13. On the technical side, despite the bullish daily trend, we tend to be negative …
Read More »GBP/JPY: Built on Support
Good rises were witnessed by the sterling pound against the Japanese yen, benefiting from building on the support floor of 147.50, as the current moves witness stability near the highest level during the morning session 147.90. On the technical side, today, we are positive in our trading, depending on the …
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