GBPJPY Analysis: Market Is Retracing Towards Major Zone at 154.810 GBPJPY is retracing towards the 154.810 major zone. The market created a wave pattern during its downward move towards the 149.110 zone. The move was initiated from mid-October to early December of the previous year. The market reversed at the 157.710 zone on the 21st […]
GBPJPY Price Analysis – January 28 GBPJPY has retraced into a premium on the macro view. The month of October ended the short-term swings on the daily chart. The market has created strong directional moves afterward. The beginning of the last quarter of the previous year triggered a rise in the market. Just before the […]
GBPJPY Price Analysis – January 21 GBPJPY crashes steadily after reversal at the supply zone. The market has continuously switched power between the bulls and the bears. There has been very little consolidation since October 2021. The bulls went long from the demand zone at 148.970. They were very dominant in the market. There were […]
GBP/JPY is grouping around 156 in a calm trade as attention turns to a weighty bill of UK data and the BoJ meeting. The market is likely to continue trading as a substitute for worldwide risk appetite for the week. After the short fell lower than the support level of 156.00 and visitation of the […]
GBPJPY Annual Forecast – Bulls Have the Bias in a Ranging Market The annual forecast for GBPJPY points to a bias in the bulls’ favor. The market has been in a ranging pattern as bulls and bears tussle for preeminence. Despite the bears’ being more aggressive, bulls are favored to gain preeminence. This is chiefly […]
GBPJPY Price Analysis – January 7 GBPJPY is about to test the previous year’s quarterly high. The market profile has been trending. A resistance zone was formed in October of the previous year. It was formed at 158.000. The market price dropped with the formation of lower highs and lows. A short-term consolidation was formed […]
GBPJPY Price Analysis – December 31 GBPJPY is soaring high to end the last quarter of the trading year. The market was faced with a downward trend after the bulls got exhausted at the end of May. The MACD indicator confirmed the bearish run shortly after, on the 3rd of June. The market sank below […]
GBPJPY Price Analysis – December 26 GBPJPY finally makes a u-turn in the upward direction after it bumps off the impervious significant level at 149.240. The initial key level at 152.330 failed to hold up the price for long, and the market finally slumps below it. Bears, knowing the strength of the 149.240 significant level, […]
GBPJPY Price Analysis – December 17 GBPJPY buyers take the first steps in defying the current bearish regime by breaking out of its descending channel formation. The $149.000 price level is very instrumental in helping the buyers overturn the market. The price eventually tapered through an ascending triangle pattern, which lasted for more than 15 […]
