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 28 GBPJPY finally breaks Through the 167.810 resistance level. This comes after several testing of the resistance level and the adaptation to different strategies. This particular breakthrough for the market investors came after a major dip in the market on the 26th of September, but the coin recovered excellently to test […]
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 16 GBPJPY breaks out after an extended period of ranging through a descending triangle system. The consolidation in the triangle system is a result of a second backlash from the bears. This backlash was triggered when the buyers broke several barriers to rise to 167.810. Since the market was halted at […]
GBPJPY Analysis – September 3 GBPJPY is increasingly under pressure to plunge below the major level at 159.680. Though the price just made a recovery after falling through the same level, after failing to get the best of the 167.810 resistance, the market weakened and slumped back to the 159.680 support level. Since then, despite […]
GBPJPY Analysis – August 28 GBPJPY is set for a drop as it keeps drilling hard at the 159.6800 support level through the use of a descending triangle chart pattern design. The trend took shape instantly, and the market was not allowed to ascend too far beyond the 167.8100 resistance level. Hence, the price dropped. […]
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 […]
