GBPJPY Analysis – November 11 GBPJPY is poised for more downside movement as the sellers strike back with a bearish reversal head-and-shoulders formation. The market has been pushing to rise above the 167.810 resistance level, but it has been consistently rejected. A major rejection happened, which plummeted the price below the strong 159.680 support. The […]
GBPJPY Analysis – November 5 GBPJPY fails to hold over the crucial 167.810 key level and has dropped below it at a very key period. The price summoned courage on the 13th of October for a price surge that pierced through several key levels, including the limiting level at 167.810. The price even retraced temporarily […]
GBPJPY Analysis – October 21 GBPJPY fails to hold above the 167.810 resistance level after it successfully breaks it. The price has been long subdued below the 167.810 resistance level. The market has tested this resistance level on several occasions and it usually leads to a plunge in the price. However, after summoning the courage […]
GBPJPY Analysis – October 14 GBPJPY is set to confront the weekly resistance level at 167.810 again after bouncing off a strong confluence point of the trendline and the significant support level at 159.680. The currency pair has tried to breach this resistance level several times unsuccessfully this year already right from April in the […]
GBPJPY Analysis – October 7 GBPJPY buyers recover above a strong confluence point in which a trendline crosses a weekly support level at 161.260. The buyers are bossing the market, but they are having a tough time breaking down a strong resistance level at 167.810. Time and again they have tested the resistance level, and […]
GBPJPY Analysis-September 30 GBPJPY quickly recovers from a very strong dip that occurred on the back of the failure of the market to bypass 167.810. The market had done remarkably well to recover immediately. However, the price was only able to reach below the confluence of the 163.000 resistance level and the descending trendline. In […]
GBPJPY Analysis – September 23 GBPJPY breaks down at a crucial moment after it once again comes in contact with the 168.720 strong resistance level. The rejection this time around is even stronger as the price embarks on an immediate plunge. The market has now dropped below its descending trendline and also the 159.490 support […]
GBPJPY Analysis – August 19 GBPJPY sellers are growing stronger by the day. The buyers rode the market back up after an initial setback. The 167.810 resistance acted as a barrier to halting the increase in the market. Since then, the market has been in an up and down movement. In that motion, the buyers […]
GBPJPY Analysis – August 12 GBPJPY sellers are testing the market’s resolve by repeating a recent trick of the descending triangle pattern. The bulls ensured the market did not go down after a similar challenge was posed in the market. However, the inability of the price to progress beyond the 167.810 resistance level has given […]
