GBP / JPY falls to test last week’s lows amid a weaker pound across the board. A consolidation below 149.65 would clear the way for more losses. The GBP/JPY it bottomed out at 149.42 on Thursday and then rose again above the 149.60 area, keeping losses limited. A consolidation below 149.60 would clear the way […]
Tag: GBPJPY
GBP / JPY flirts with weekly lows, around 150.00
GBP / JPY remained under strong selling pressure for the second day in a row. Reviving demand for the safe-haven JPY, a pullback in the GBP contributed to the decline. The weakness below the 149.80 region will set the stage for an extension of the slide. The crossing GBP/JPY It fell to the lower end […]
Limited upside, test key support
GBP / JPY accelerates lower in recent hours amid risk aversion.The cross is testing the 150.50 / 60 zone which is still a relevant technical level. GBP / JPY turned lower after hitting 151.99, the highest level since April 7. It is trading at 150.60 after the sharp reversal, which suggests that the upside is […]
Pound not holding above 150.60, still testing 150.00
GBP / JPY continues to move sideways after failing to stay above 150.60. The pound shows vulnerability to the downside, continues to test 150.00. The GBP/JPY it momentarily traded above 150.50 / 60 but could not hold and fell back, reaching levels below 150.00. It continues to move sideways after the drop from 153.00. Technical […]
Consolidation in progress, still vulnerable
GBP / JPY is trading in a range between 149.80 and 150.60. The pound still shows some vulnerability to the downside, it needs to rebound above 150.60. GBP / JPY traded below 150.00, but rose again above, holding firm in the current consolidation range, after the sharp decline from a multi-year high above 153.00 to […]
Price pulls back to trend line, likely to retest 150.00
GBP / JPY bottomed at 149.59, a new two-week low, and then rallied. The recovery encountered resistance at the uptrend line and below 151.00. GBP / JPY posted a new correction low at 149.59, extending the decline from the multi-year high that reached above 153.00 on Tuesday. It then completed a pullback to the recently […]
Price breaks uptrend line, tests 150.00
GBP / JPY corrects further to 149.88, the lowest level since March 25. The recovery above 151.15 would ease the downward pressure. The GBP/JPY extended the slide from multi-year highs above 153.50 and fell to 149.88 on Thursday, the lowest level in two weeks. The four-hour chart points to the downside, particularly while holding below […]
The correction is likely to continue below 151.00
GBP / JPY further corrects to 150.78, the lowest level in a week. It bounces back above 151.00 again, easing downward pressure. The GBP/JPY It fell further from multi-year highs above 153.50 and bottomed Wednesday at 150.78, the lowest level in a week. The four-hour chart is still pointing to the downside, however bearish pressure […]
Strong correction, decline likely to extend
GBP / JPY broke key levels and fell, hitting lows below 152.00. The short-term outlook points to a deeper correction. The GBP/JPY it is declining sharply from the highest levels since 2018. After approaching 153.80, the pound rebounded lower. It broke below 152.80 (21 SMA on four-hour charts and horizontal support) and fell to 151.89, […]
Unable to stay above 153.30, bullish pressure wanes
The pound hits new two-year highs against the yen and retreats. GBP / JPY remains bullish but shows some signs of exhaustion. The GBP/JPY it rose to 153.35, hitting a new two-year high. The cross then retraced below 153.20 and the bullish pressure eased. The pound should stay above 153.25 / 30 to clear the […]
