Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY is in an uptrend but currently faces rejection at level 153.00. The pound is falling after rejection at the recent high. The pound price has broken the 21-day SMA and it is approaching the 50-day SMA. A break below […]
GBP/JPY reached a strong dynamic resistance and now it could develop a correction. The price is traded at 152.81 at the time of writing, a new lower low could signal more declines. Technically, a temporary retreat is natural and somehow expected after the most recent growth. GBP is strongly bearish and it loses ground versus […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY uptrend is ongoing even though the stochastic has indicated an overbought condition of the market. The Yen has resumed a fresh uptrend at the low of 148.52. The Yen will continue to rise as the Relative Strength Index approaches […]
Key Support: 152.30 Key Resistance: 152.80 – 153.60 The GBPJPY has rallied 427 pips (+2.87%) since mid last week and yesterday it broke with the previous highs at the 152.45 mark without too much momentum. During the Asian session price was trading ranging in a 50 pip range and retested the previous highs at the […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY has been rising for the past two days. In the previous week, the uptrend was interrupted at the resistance of 152.55. This causes the market to decline to the low of $148.52. The Yen has risen to revisit the […]
Key Support: 150.40 Key Resistance: 151.40 – 15180 – 152.50 The GBPJPY has been rallying hard since the beginning of December 2020 and last week we got one of the few pullbacks in this rally. Price dipped 200 pips (-1.33%) and opened lower this Sunday. Key Support: 150.40 Key Resistance: 151.40 – 15180 – 152.50 […]
Key Support: 151.30 Key Resistance: 151.80 – 152.50 Long Term View The GJ is in a massive bullish run breaking through level after level without any really deep pullback. Even though we are at the top of the move this long setup is really clean 1H Chart Analysis The Downside here is capped by the […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishThe GBP/JPY is in a smooth uptrend. The pair is presently retracing because the market has reached the overbought region. However, the Yen has been trading in the overbought since February 5. The price has been fluctuating on the upside […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishThe GBP/JPY is in a smooth uptrend. In the previous price action, the pair was resisted at level 150.44 and the market slumps to $148 low. Today, the price is retesting the resistance level to break it. The market will […]
