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 […]
GBPJPY Analysis – Price Will Push Further Above 155.800 Significant Price Level GBPJPY will push further above the 155.800 significant price level. The market has begun with bullish strength and is now seen accumulating. This price accumulation deals with the buyers’ and sellers’ controversies. GBPJPY, following this indecision phase, will eventually give room for price […]
Key Support: 156.00 – 156.40 Key Resistance: 157.40 – 158.20 The GBP has appreciated 6.25% against the JPY on a massive bearish breakout on the JPY Yen side 2 weeks ago. The level that was capping the upside in this market was the 156.00 (Jan. 2021 highs). Once the GBPJPY broke with a pullback structure […]
GBPJPY Price Analysis – October 22 GBPJPY holds for a pullback in a bullish market. The price trend has long been on a bullish ride, and buyers seem to hold more positions in the current trend. The buyers are, however, ready to move the price above the recent level. But before that, an immediate drawdown […]
The GBP/JPY currency pair in the prior day had rallied off the 157.00 support level produced by the 50–hour simple moving average. The British Pound gained 109 pips, or 0.70 percent, against the Japanese Yen as a result. Earlier in the day, the European majors are broadly weaker, with Sterling reversing some gains following strong […]
GBPJPY Analysis – Price Rallies With Strong Momentum as Bulls Climb Above Significant Key Levels GBPJPY rallies with strong momentum above the price level. Bulls took sole control of the entire position, driving the price upward. The market trends upward, breaking significant price levels as the momentum increases. The bulls are still in control of […]
GBPJPY Price Analysis – October 8 GBPJPY bullish ride continues to a significant key level, as the momentum keeps increasing. The buyers remained in the market because more levels are being accumulated. Even though the bulls are in control, the market remains in consolidation. This implies that price has been ranging between the levels of […]
GBPJPY Analysis – Price Is Set to Rebound at the 149.60 Price Level GBPJPY is set to rebound at the 149.60 key level. The price is, however, in a bearish state as the market keeps making lower lows and highs. The market continues to retest the trend line channel, and the more it is retested, […]
Former foreign minister Fumio Kishida was elected as the new head in Japan for Liberal Democratic Party (LDP) overnight, and he is anticipated to be sworn in as Prime Minister next week. Kishida’s potential impact on the yen has FX traders remains cautiously optimistic. Kishida emphasized wealth inequality at his first press conference, saying that […]
