GBPJPY Price Analysis – December 10 Market decision awaits as GBPJPY embarks on a second consolidation phase. On the 26th of November, the price dropped from a previous consolidation which formed after it landed on a strong support level at 152.330. Bypassing several key levels, it landed at the strong monthly support level of 149.240. […]
GBPJPY Price Analysis – December 3 GBPJPY bulls wield strength across the bearish path back to151.870. The significant zone serves as a major zone for several reactions. The market responses comprise the bullish-shaped influence as they are ready to impact the price action of the market. The price, therefore, consists of several points of the […]
GBPJPY Price Analysis – November 29 GBPJPY schemes price strength due to bulls’ uprising failure above the 154.200 resistance level. The investors who were also present in the market stopped buying, resulting in a price rejection of approximately 154.200. However, if the bulls had been tenacious enough, the price would have broken through this barrier […]
The GBP/JPY pair moves sideways between 154.21 and the153.49 weekly pivot point. In the short term, the Yen has started to appreciate versus its rivals as the Japanese Yen Futures tries to rebound. Also, the JP225, the Nikkei seems vulnerable, a potential drop may signal Yen’s growth. Fundamentally, the Yen received a helping hand from […]
GPBJPY Price Analysis – November 19 In the market structure frame, GBPJPY buyers avoid price rejection below the 153.600 price point. The bullish entanglement with price order allows the bulls to exert more influence on the market. The bear’s dominance is currently on hold as the buyers prepare to take euphoric orders to new heights. […]
GBP/JPY was in a corrective phase but now it seems that the downwards movement is over. That’s why we could look for new buying opportunities. Still, we need confirmation before considering going long. Technically, the pair is still under pressure, so it could come back down to test and retest the immediate support levels. The […]
GBPJPY Price Analysis – November 12 GBPJPY bearish pickup continues as bulls hold the market with a pullback. The price strength already began with a strong bearish rally downward after a sharp reversal at the 158.200 significant level. The bulls, who had previously gained significant momentum, have lost strength at this level. The bears continue […]
GBPJPY Analysis- Price Is Ready to Break Below 153.100 Significant Level GBPJPY is ready to break below the 153.100 significant level despite the bulls trying to prevent market continuation. Following a break into 156.100 significant levels, the bears’ phase intensified. This is a major price level that permits price movement to build liquidity run before […]
Key Support: 156.00 – 155.75 Key Resistance: 157.00 – 158.20 After breaking out of the 156 level, the GBPJPY has pulled back 1.65% from last month’s highs to retest this previous broken level 3 times whilst printing a clear continuation pattern. The JPY is still very much a sell here but right now it’s also […]
