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Tag: GBPJPY

GBP/JPY sticks to strong gains near 1.5-week highs around 164.00

GBP/JPY sticks to strong gains near 1.5-week highs around 164.00 GBP/JPY sticks to strong gains near 1.5-week highs around 164.00

GBP/JPY regained traction on Wednesday and was supported by a combination of factors. Dovish comments from BoJ Kuroda and risk-on momentum weighed on safe haven JPY. Hot UK consumer inflation figures supported the British pound and provided an additional boost. The crossing GBP/JPY it maintained its strong bid tone through the middle of the European […]

GBP/JPY lateralized in the area of ​​163.20

GBP/JPY lateralized in the area of ​​163.20 GBP/JPY lateralized in the area of ​​163.20

GBP/JPY is currently trading sideways at the 163.20 area as a drop in global yields after US CPI supports the yen. The pair did not react to the mixed UK employment data on Tuesday, with the focus now shifting to Wednesday’s UK CPI release. The GBP/JPY has stabilized below 163.50 on Tuesday, after mixed UK […]

GBP/JPY rises towards 163.50, points to March highs

GBP/JPY rises towards 163.50, points to March highs GBP/JPY sticks to strong gains near 1.5-week highs around 164.00

A sharp rise in UK (and world) yields hit the yen hard on Monday, with the GBP/JPY pair subsequently rising 1.0%. The pair has risen to 163.50 despite risk aversion flows being seen in other asset classes (stocks). This is because the higher yield environment plus more dovish comments from the BoJ prevented the yen […]

GBP/JPY jumps to 2-week highs, bulls have the upper hand above 163.50

GBP/JPY jumps to 2-week highs, bulls have the upper hand above 163.50 GBP/JPY lateralized in the area of ​​163.20

GBP/JPY gained strong positive traction on Monday and was up around 200 pips from the daily low. The BoJ cut its assessment for most regional economies, which weighed on the JPY and extended support. Dovish USD price action benefited the British pound and continued to support the strong momentum. The crossing GBP/JPY added to its […]

GBP/JPY set for fifth straight day of gains but continues to struggle to break above 162.00

GBP/JPY set for fifth straight day of gains but continues to struggle to break above 162.00 GBP/JPY sticks to strong gains near 1.5-week highs around 164.00

GBP/JPY is poised for a fifth consecutive session of gains, although it continues to struggle to break above 162.00. The yen remains out of favor due to the continued rise in global yields following the aggressive stance from the Fed and ECB this week. But there are doubts that the BoE will live up to […]

GBP/JPY rises for fourth session, but fails to hold above 162.00

GBP/JPY rises for fourth session, but fails to hold above 162.00 GBP/JPY sticks to strong gains near 1.5-week highs around 164.00

GBP/JPY was set to gain for the fourth session in a row on Wednesday despite risk aversion, but failed to hold above 162.00. Rising global yields continue to undermine the yen, but subdued jitters from the BoE may limit GBP/JPY’s further upside potential. The GBP/JPY was set to rise for a fourth straight session on […]

GBP/JPY flirts with 1-week highs, struggles to capitalize on move beyond 161.50

GBP/JPY flirts with 1-week highs, struggles to capitalize on move beyond 161.50 GBP/JPY sticks to strong gains near 1.5-week highs around 164.00

GBP/JPY attracted some buying on Tuesday and turned positive for the third day in a row. A combination of factors undermined the JPY and continued to support the intraday rally. Modest USD weakness, upbeat UK PMI benefited the GBP and provided an additional boost. The crossing GBP/JPY It maintained its modest intraday gains during the […]

GBP/JPY advances to 161.00, ignoring rising geopolitical risks

GBP/JPY advances to 161.00, ignoring rising geopolitical risks GBP/JPY sticks to strong gains near 1.5-week highs around 164.00

GBP/JPY advanced on Monday along with other risk-sensitive currency pairs as US stocks rise. Dovish comments from the BoE and recent negative developments in the Russia-Ukraine war have failed to dent risk appetite, with GBP/JPY now at 161.00. Dovish comment from BoE Deputy Governor Jon Cunliffe, who said a drop in demand through household consumption […]

Bullish candlestick formations paved the way towards 161.00 and beyond

Bullish candlestick formations paved the way towards 161.00 and beyond Bullish candlestick formations paved the way towards 161.00 and beyond

GBP/JPY advanced on Friday, recording gains of 0.57%. A positive market mood boosts risk-sensitive currencies such as the British Pound, weighing on safe-haven peers such as the Yen. GBP/JPY Price Forecast: ‘Inverted Hammer’ and a Confluence of ‘Bullish Harami’ Keep Uptrend Intact. The GBP/JPY breaks three days of losses and jumps losses on Thursday amid […]

GBP/JPY Price Analysis: Fight around 162.00

GBP/JPY Price Analysis: Fight around 162.00 GBP/JPY Price Analysis: Fight around 162.00

The British Pound gave back Monday’s gains amid risk-off sentiment in the market. A positive market mood failed to support the GBP/JPY cross currency. GBP/JPY Price Forecast: Bullish, but bearish engulfing candlestick pattern ahead. The GBP/JPY It erases Monday’s 300+ pip gains and is set to form a bearish engulfing candlestick pattern, which means the […]