Key Support: 147.45 – 146.60 Key Resistance: 148.25 Long Term View The GJ has been in a super strong bullish momentum, up 8.30% since the December 11th lows without a real pullback. The biggest pullback was 1.4%back in Jan. 14-18. 1H Chart Analysis The March 2019 highs that are being retested at the moment brought […]
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 now approaching level 148.000 to break above it. Unfortunately, for the past four days, the bulls have not been able to break above the recent high. The pair has been […]
The GJ has rallied more than 500 pips since it broke with the 142.00 level and is trading inside of a massive bullish structure. If we look at the avg. weekly range of the past 3 weeks it´s exactly 204 pips. This week this pair has rallied 230 pips to a massive key level in […]
GBPJPY Price Analysis – February 10 The GBPJPY pair picks up bids following its bounce off the prior days’ low level of 144.03. Looking at the pair’s continuous upside trading its price jumps past 145.00 level during the early European session. The GBPJPY upside run is benefitting from UK’s lead in terms of the coronavirus […]
GBPJPY Price Analysis – February 3 GBPJPY has been in a declining move over the last couple of days after the upside rally towards the recent high of 144.09 dwindles further beneath 143.69 level as of today’s European session. The market expects further JPY strength which is not due to a negative view on global […]
The GJ just retested a massive daily level from February 21st 2020 This level is were sellers took control of the market and pushed price down 14.64% (2125 pips). On the short term we have hit important bullish targets and have made now a lower low at the retest of the previous broken level. We […]
GBPJPY Price Analysis – Jan 31 GBPJPY moved with a fresh impetus while hitting the level at 143.95 high in the prior session. The pairs upside traction may attract buyers past the 144.00 level as it awaits the next catalyst this week. The pair’s buyers anticipate a raised prospect of a rally towards the old […]
GBPJPY Price Analysis – January 27 The GBPJPY pair is moving into the sellers’ region while upside bias stays restrained in the near term, yet it targets 142.71 highs and beyond. The UK’s vaccine campaign continues at full speed, but it is unclear if the lockdown will be easing. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
GBPJPY Price Analysis – January 24 GBPJPY is confronted with sellers’ pressure as it stays constrained beneath 142.00 level and exited the prior session at around the 141.96 marks. The pair dumps after being weighed by the ongoing uncertainty about COVID-19 resurgence adding negative pressure to the pound sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
