GBP / JPY resumes the uptrend above 152.00. Pricehits cycle high at 153.07 then retrace modestly, bullish momentum intact. The GBP/JPY it rose to 153.07, reaching the highest level since 2018. After a downward correction, it resumed upward. The bullish tone remains intact and further gains appear likely. You need to break out of the […]
Tag: GBPJPY
Bearish correction intact while trading below 150.50 / 70
GBP / JPY in corrective mode finds support at 149.00.More losses seem likely; below 149.00, the next target is near 148.20. GBP / JPY fell further from multi-year highs and bottomed at 149.09, the lowest level since March 4. It then rallied, losing momentum near the 150.00 area. It is hovering around 149.70 with negative […]
Downward correction is likely to challenge the 150.00 level
The pound falls for the second day in a row, but manages to cut losses. GBP / JPY is about to post its first weekly decline since January. The GBP/JPY It fell to 150.55 on Friday and then rebounded to the 151.00 zone. The rebound shows that despite losing bullish momentum, the correction is still […]
Recovery fails above 152.00
GBP / JPY keeps the bullish bias intact and hits multi-year highs at 152.54. The pound is descending to the 152.00 area, the momentum decreases. The GBP/JPY reached a new multi-year high at 152.54 on Thursday and then fell back to 151.70. The bullish tone remains intact, but the pound continues to show difficulties to […]
Bounces sharply, fails again to exceed 152.00
GBP / JPY bounces and recovers relevant technical levels Market participants await the FOMC’s decision; Thursday, it will be the BoE. The GBP/JPY extended the rebound on Wednesday from 150.80 to the 152.00 area. Then he backed away, losing momentum. On the bullish move, it rose again above the 21-day moving average on the four-hour […]
GBP / JPY bounces from 5-day lows, stabilizes around 151.50
GBP / JPY is still on track to close the second day in a row lower. BoE and BoJ will have policy meetings later in the week. The pair GBP/JPY It fell to a five-day low of 150.79 on Tuesday, but erased most of its daily losses in the second half of the day. At […]
Bearish correction gains momentum, potential target at 150.65
GBP / JPY corrects lower after gaining for the ninth week in a row. Below 151.20, a bearish acceleration seems likely. The GBP/JPY it is correcting lower after hitting 152.23 on Friday, the highest level in nearly two years. It recently broke below a short-term uptrend line, accelerating the decline and falling below the 20 […]
GBP / JPY returns rising above 150.00, ready to test last week’s highs
The pound is stable against the US dollar, bullish against other G10 currencies. The Japanese yen is under pressure as the US yield remains near recent highs and Wall Street rises. GBP / JPY is trading above 150.00 again after finding support at 149.60 on Monday. At the time of writing, the 150.50 level, looking […]
GBP / JPY gains traction at the end of the US session, recovers the 149.00 level
GBP / JPY appears to post modest daily gains on Tuesday. The improved market mood appears to be weighing on the JPY. The Jibun Bank Services PMI will be published on the Japan Economic Agenda. The GBP/JPY it closed the first day of the week virtually unchanged and was relatively quiet during Asian business hours […]
Pound looks weak after failing to rally to 149.00
GBP / JPY does not benefit from the recovery in share prices.The chart shows an intact uptrend but with bearish signals in the short term.GBP / JPY is rising modestly on Monday. It rose earlier to 149.30 and then retraced, finding support at the 148.30 area. The price did not rise above the 20 SMA […]
