The pair of Pound against the Yen witnessed a positive slope within the bullish path, as we expected yesterday, and it begins to attack the psychological barrier of 137.00. Technically, we find that the 50-day moving average hold the price in addition to the pair building above the resistance-into-support around …
Read More »GBP/JPY Looking For Extra Momentum
GBP/JPY managed to achieve the positive outlook, as we expected yesterday, to touch the first target required to be achieved at 137.10, posting high 137.25. Technically, we find that the 50-day moving average holds the price in addition to an intraday consolidation above breached resistance-into-support 135.90 / 136.00. Therefore, we …
Read More »GBP/JPY Looking for Direction
Pound was dominated by negative trading against the Japanese Yen within the expected bearish path, shy off the required target of 135.15, posting low at 135.40. Technically, the current movements of the pair are witnessing a bullish tendency, as a result of building a base on support floor of 135.60 …
Read More »GBP/JPY Breaking Support
The British Pound was trading negatively against the Japanese Yen after failing to consolidate above 137.00. Technically, we tend to be negative depending on the negative pressure coming from the 50-day moving average, in addition to intraday trading below 136.30 and the most important 136.70. Therefore, the bearish bias will …
Read More »GBP/JPY Attacks The Resistance
sterling’s moves against the Japanese yen was dominated by positive trading towards the psychological barrier of 137.00, posting high at 137.33. Technically speaking, the current moves are consolidating above 136.50, with the positive motive of the 50-day moving average continuing to hold the price. We tend to be positive, but …
Read More »GBP/JPY Negativity Still Intact
Negative trading returned to dominate the pound’s moves against its Japanese counterpart, negating the positive outlook as we expected, we indicated that the return of trading stability below 139.60 will negate the suggested scenario and put the price under negative pressure with an initial target of 136.35, to record its …
Read More »GBP/JPY Leaning Toward Positivity
The pound was dominated by positive trading against the yen, after it managed to establish strong support around 136.60. Technically, we are biased towards the positivity based on the positive crossover signals coming from the stochastic indicator on the 240-minute time frame. A bullish bias will be likely today, provided …
Read More »GBP/JPY Looking For Momentum
The positive trading is trying to dominate the sterling’s moves against the yen, after it succeeded in establishing a solid support around 136.60. Technically, we are biased towards the positive, given the positive crossover signals from the stochastic indicator on the 240-minute time frame. Therefore, the bullish bias is likely, …
Read More »GBP/JPY Facing Interim Negativity
The pound’s movements against its Japanese counterpart are witnessing a bearish bias after meeting a strong resistance level of 137.40. Technically, and looking at the 60-minute chart, we tend towards the negativity depending on the clear negative features on Stochastic, which gradually started losing the bullish momentum. The bearish bias …
Read More »GBP/JPY Maintains Bullish Bias
Positive trading dominated the moves in the pound against the Japanese yen after it succeeded in establishing good support around 136.00. Technically, we are biased towards the positivity based on the positive signals of the 50 day moving average. As long as the intraday trading remains above 136.65, the bullish …
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