GBP/JPY bounces off daily lows, though down 0.06% on the day. Lack of conviction from market participants keeps the GBP/JPY range limited. GBP/JPY is range bound with no apparent bias, but Monday’s price action gives GBP/JPY bulls “hope”. The GBP/JPY consolidated around the 154.30-156.50 range in the last week as risk sentiment fluctuates between risk […]
Tag: GBPJPY
GBP/JPY trims some post-BoE gains, pulls back below 156.00 level though still trending higher
GBP/JPY pulled back below 156.00 on Friday, although the uptrend from January remains in place. The pair will focus on risk appetite, BoE Bailey comments and UK GDP figures next week. Despite a modest rally in the US equity space that would normally have a positive impact on the GBP/JPY, the pair pulled back on […]
GBP/JPY continues to trade with a positive bias, although for now it struggles to get back above 155.00
GBP/JPY continued to trade with a positive bias on Tuesday, although it was unable to sustain above 155.00. GBP/JPY continues to move higher within a short-term uptrend channel. If risk appetite can improve in February, yen weakness could push the pair towards recent highs near 158.00. The GBP/JPY continues to trade with a bullish bias […]
GBP/JPY falls back below 154.50
GBP/JPY pulled back from highs initially hit near 155.00 to 154.00 but remains within recent ranges. The pair is still trading higher after recovering from an initial weekly drop. There is notable resistance at the 153.00 area and resistance at 155.50. The GBP/JPY remained within a range of 154.00-155.00 on Friday, as the pair continued […]
GBP/JPY pulls back to 155.60 amid stock market weakness after failing to hold above 156.00
After briefly moving back above 156.00, GBP/JPY fell back to 155.60 in recent trading, following the stock market’s downward trend. If risk appetite remains strong ahead of next week’s Fed meeting, the GBP/JPY pair may remain under pressure. The GBP/JPY spent most of Wednesday’s session trading sideways within the 155.50 to 156.20 range, with the […]
GBP/JPY consolidates near 156.50 ahead of BoJ policy meeting
The GBP/JPY pair is consolidating near 156.50 in quiet trading as the focus is on a slew of UK data and the BoJ meeting. The pair is also likely to continue to trade as a gauge of global risk appetite this week. After last Friday’s brief drop below support at the 156.00 level and the […]
GBP/JPY recovers from session lows below 155.50 to above 156.00
GBP/JPY looks set to end the day lower around 156.00, but has recovered well from previous lows below 155.50. Next week will be a busy week for the pair, with the BoJ setting policy and many tier one UK data releases. A combination of aggressive comments on BoJ rate hikes and safe-haven demand amid choppy/mixed […]
Fails to break above weekly highs, dips below 157.00
The British pound is down from weekly highs, 120 pips on risk aversion. GBP / JPY Technical Outlook: Still biased to the upside, but GBP bulls need to rally above the 50 hourly SMA. Thursday, the crossing GBP/JPY it falls for the second day in a row, retreating from weekly highs around 157.70, close to […]
GBP / JPY falls back below 157.00
GBP / JPY has retraced below the 157.00 level on Wednesday after rejecting a push attempt above 157.50. As the dollar dips after the US CPI data, the overbought British pound has been struggling to profit as much as its G10 peers. The GBP/JPY it ran out of steam when it tried to climb above […]
100 pips plummets to 156.00
-637774292448187618.png "100 pips plummets to 156.00")
The British pound falls along with risk-sensitive currencies as market conditions ease. The Japanese yen is the strongest currency of the day. GBP / JPY has a bullish bias; Despite falling 100 pips on the day, GBP bulls showed around the 156.00 figure. On Monday, the British pound plunges against the safe-haven Japanese yen in […]
