GBP/JPY’s recent lack of strength can be attributed to coronavirus news from China, and pandemonium over the Russia-Ukraine struggle. In addition, burdening the pair could be buyers and sellers who are trying to be careful because of United Kingdom monthly data that was abandoned. Very early today, China announced the first over a thousand cases […]
GBPJPY Price Analysis – February 4 GBPJPY experiences a change in direction in the market. The market in the daily timeframe has formed a wave-like picture. The market has gyrated from highs to lows and vice versa. On the 4th of November, the Moving Averages period nine and twenty-one crossed to signify a bearish move […]
The GBP/JPY pair trades softly in the London session on Thursday after a sharp yesterday off a 10-week low. The recent weakness on the pair is blamed on the prevailing apprehensive investor sentiment ahead of key economic data events, along with a lack of market-moving catalysts. A Russian negotiator recently revealed possible rounds of diplomatic […]
GBPJPY Price Analysis – February 18 GBPJPY is set for a breakout of its ascending triangle structure, as seen on the daily timeframe. The market formed a descending triangle into the previously demanded zone at 149.160. The bears attempted multiple times to pass through the demand zone at 149.160 but failed. The price tested the […]
The GBP/JPY pair is on a steady recovery path from its recent slump to the 155.30 low on Monday and currently sits around the 156.60 line. However, the ‘dragon’ has struggled to post any meaningful move above the 157.00 mark since its rebound as the selling pressure around the pair persisted, amid the growing tensions […]
