GBP / JPY remains bullish, testing recent highs, with its sights set on 155.00. Below 153.90, a deeper correction looks likely, next support at 153.40. The pound remains near its highest level in years against the Japanese yen, hovering around 154.30. A consolidation above 154.40 would strengthen the pound, suggesting further gains. The next resistance […]
Tag: GBPJPY
Limited correction above 153.50 / 55
GBP / JPY is moving in an uptrend, with momentum waning. Price corrected finding support around 153.50 / 60; a break to the downside would target 153.10. The pound reached its highest level in years against the Japanese yen at 154.44 and then fell back. The correction so far extended to the 153.50 area, a […]
GBP / JPY reverses a drop to the 153.00 zone, lateralized before Bailey’s speech
GBP / JPY witnessed some profit taking from 154.00, or three-year highs. Risk aversion benefited the JPY safe haven and put some downward pressure. The optimistic UK economic outlook supported the British pound and helped limit deeper losses. The crossing GBP/JPY it reversed a drop at the beginning of the North American session to 153.00 […]
The pound challenges again 152.00 / 20
GBP / JPY is bullish in the short term, while above 151.65. A consolidation above 152.20 is needed to clear the way for more gains. The pair GBP/JPY again faces a strong barrier at the 152.00 / 152.20 band. A break to the upside would likely clear the way for more gains, probably targeting 152.80. […]
GBP / JPY falls to session lows, risks breaking below 151.00
GBP / JPY witnessed some aggressive selling and fell more than 100 pips from daily highs. The risks posed by the upcoming Scottish elections weighed heavily on the British pound. A generally softer risk tone benefited the safe-haven JPY and added to the selling bias. The crossing GBP/JPY it was under intense selling pressure during […]
GBP / JPY updates session lows, at risk of breaking below 151.00
GBP / JPY witnessed some strong selling on Friday and broke a five-day winning streak. A softer risk tone benefited the safe haven JPY and was seen as a key pressure factor. Political tensions in the UK and Scottish election risk weighed on the GBP and added to the selling bias. The crossing GBP/JPY It […]
GBP / JPY struggles to find direction, stuck in a range above 151.00
GBP / JPY extended its consolidated price action sideways throughout the mid-European session. Political turmoil in the UK weighed on the British pound and kept any significant gains in check. The dovish outlook from the BoJ continued to undermine the JPY and helped limit the crossover’s slide. The crossing GBP/JPY it lacked a firm directional […]
The pound extends the recovery to 151.00
GBP / JPY extends the bounce and reaches highs of 151.09. The bullish tone prevails in the short term, it needs to break 151.00. The rebound of the pair GBP/JPY from 149.08 continues on Tuesday. The pound found resistance at the 151.00 / 10 barrier. A break to the upside would open the doors for […]
Very short term positive bias above 150.a00
GBP / JPY extends the bounce and breaks above 150.00. The general outlook looks bearish on the 4-hour chart, but the pound could rise further in the coming sessions. The GBP/JPY it bottomed out last week at 149.08 and rallied, making a reversal. The cross rose above the 21 SMA on the four-hour chart, and […]
GBP / JPY fails to maintain gains and falls to test lows near 149.00
GBP / JPY fails to break negative streak. The yen strengthens as a fall in Treasury bond yields. The GBP / JPY cross rose to 149.94 but then changed direction and fell to test the lows of the Asian session. It is trading around 149.35, falling for the fourth day in a row. The modest […]
