GBP / JPY, rejected from 140.25, remains stable above 139.00. The pound lost steam as enthusiasm for the coronavirus vaccine waned. Wide JPY weakness keeps the pound near two-month highs. The British pound extended its rally in early trading on Wednesday in an attempt to climb from the 135.75 area to levels above 140.00. The […]
Tag: GBPJPY
GBP / JPY rises above 140.00 level on new two-month highs
GBP / JPY continues to gain ground for the third day in a row on Wednesday. Hopes for a last-minute Brexit deal have been seen as a key factor underpinning the British pound. Optimistic market sentiment weighs on the safe-haven JPY and supports the pair’s upward move. The crossing GBP / JPY has risen above […]
Rise past 140.00 now seems like a clear possibility
GBP / JPY picked up pace and maintains it on Tuesday. Acceptance above the 61.8% Fib retracement supports the prospects for a further appreciation move. The GBP / JPY attracted some buying after falling near the 138.15 region on Tuesday and boosting yesterday’s gains to more than 300 pips. Strong follow-up momentum for the second […]
GBP / JPY cuts a significant part of initial gains, remains stable around 136.65 area
An offered tone around the safe-haven JPY helped GBP / JPY gain some traction on Monday. Lingering uncertainties related to Brexit prevented the bulls from making aggressive bets and limited the upside. A sustained break below the 200-day SMA should pave the way for a move towards levels below 136.00. The crossing GBP/JPY it fell […]
Pound extends upside, likely to retest key 138.00 level
The pound jumps on the latest Brexit developments and racks up daily gains. GBP / JPY watches the 138.00 zone that capped the upside in early October. The pair GBP/JPY it rose sharply in recent hours spreading gains after Brexit talks were reported to resume with the goal of reaching a deal by mid-November. The […]
A move above the previous day’s high paves the way for additional gains
GBP / JPY attracts some lower level buying and returns to the 137.00 zone. The setup favors the bulls and supports the prospects for additional intraday gains. After showing some resistance below the 100 hourly SMA, the GBP / JPY cross has regained positive traction and has risen near the 137.00 region during the European […]
GBP / JPY jumps to 137.22 but fails to hold above 137.00
Headlines of economic data overshadow those of Brexit for a few hours. GBP / JPY in the face of dollar weakness and a certain appetite for risk. The GBP / JPY is rising on Monday and has just climbed to 137.22, the highest level since October 14. However, the cross could not hold firmly above […]
Recovers from lows, still negative just above 136.00 level
GBP / JPY witnessed some new selling on Thursday and fell back near two-week lows. The lack of a solid continuation sell warrants some caution for aggressive bears. The GBP / JPY cross has continued to lose ground during the start of the American session on Thursday and has fallen below the 136.00 level, again […]
GBP / JPY Price Analysis: Recovers and returns to break point of rising trend line support
The GBP / JPY cross witnessed a dramatic intraday shift from two-week lows. The overnight break below a trend line support warrants a warning for the bulls. The crossing GBP/JPY It built on its strong intraday recovery move from nearly two-week lows and updated daily highs, around 137.25-30 in the last hour. The cross has […]
