Against the Japanese yen, the pound was able to touch the first target required to be achieved during the previous trading session at 142.20, recording high at of 142.25. On the technical side, intraday trading is witnessing a slight bearish tendency as a result of the collision with the psychological …
Read More »GBP/JPY: Re-test Support
The pound against the Japanese yen hit its highest level during the previous trading session around the first target to be achieved, 142.30, to hit a high of 142.26. Technically, despite the slight downside bias that the pair’s movements are witnessing on short time frames, we tend to be positive, …
Read More »GBP/JPY: Trading Positive
Positive trading dominated the pound’s movements against its Japanese counterpart within the expected upward trend, touching the second target to be achieved, 141.70, posting a high of 142.02. On the technical side, we are positive in our trading, relying on the positive motive of the 50-day moving average, in addition …
Read More »GBP/JPY: Starts on The Positive Side
The pound sterling started its daily trading against its Japanese counterpart positively, benefiting from the support level of 140.40, as the current moves witnessed stability around the highest level during the early in early session at 141.10. On the technical side, we are biased towards the positive side, relying on …
Read More »GBP/JPY: Facing Negative Pressure
The current moves of the British pound against its Japanese counterpart are seeing a bearish bias on short time frames after failing to hold a long term above 141.00. The technical side today indicates the possibility of a bearish bias during the coming hours, as a result of the clear …
Read More »GBP/JPY: Maintains Gains
Positive trading dominated the movements of the pound against the Japanese yen, touching the second official target to be achieved at 141.00. Technically, we tend to be positive in our trades, but cautiously, relying on trading stability above the support level of 140.30 and the most important 140.00, in addition …
Read More »GBP/JPY: Yen Reiterates Chances of Upside
GBP/JPY tends to be positive, benefiting from the stability above 139.80 support. On the technical side, we tend to be positive, depending on trading above the aforementioned support, in addition to the positive motive of the 50 day moving average. Therefore, we target 140.65 as a first target, bearing in …
Read More »GBP/JPY: Conflicting Technical Signals
Various moves took control of the pound sterling against its Japanese counterpart, as the current trading witnesses attempts by the pair to build a base on the floor of the support of 193.50. On the technical side, and with a closer look at the chart, we find a conflict in …
Read More »GBP/JPY Facing Negative Pressure
The pound’s current moves against the Japanese yen are witnessing a downward slope after a failure to hold a long time above the 141.00 level. On the 60-minute time frame, we see the RSI indicator gradually losing the bullish momentum, accompanied by clear negative signs on Stochastic. From here, with …
Read More »GBP/JPY on The Negative Side
The British Pound started its daily trading with a bullish slope, but it is still limited benefiting from stability above the psychological barrier of 138.00. On the technical side, and despite the current slight bullish bias, we tend to be negative, depending on trading stability below 139.20 accompanied by the …
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