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 …
Read More »GBP/JPY: Awaits Pending Orders
We committed to the intraday neutrality during the previous analysis, indicating that we are waiting for confirmation of the pair’s breach of the resistance level of 147.30, in order to open the way directly to target 148.00, to settle for recording the highest of 147.80. On the technical side, the …
Read More »GBP/JPY: Awaits Pending Orders
A gradual decline to the downside dominated the movement of the pound sterling against the Japanese yen, after finding a strong resistance level near 147.50 within a bearish tendency, recording the lowest price at 146.40. On the technical side, today there is a conflict between the obvious positive signs on …
Read More »GBP/JPY: Facing Selling Pressure
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 …
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