GBPJPY Price Analysis – September 17 GBPJPY is resisting bearish pressure by forging the market into an ascending triangle pattern. Bearish pressure effectively kicked in when price hit a 3-year high at 156.100 on the 27th of May 2021. Since then, price began a downtrend with a selling pressure which superseded the efforts of the […]
GBPJPY Price Analysis – September 10 GBPJPY enters into a ranging territory after forcing itself past the 151.390 key level. Using the 150.690 key level as support, the market has been making advances to break above this key level for the past 5 trading days. Finally, on the 1st day of September, Price successfully executed […]
GBPJPY Price Analysis – September 3 GBPJPY continues its bullish momentum as price keeps shooting towards the 153.270 significant key level. The market, however, seems to have been bearish for a long time. Price is seen falling as more significant lower lows are being formed. As prices keep pulling down, there seems to be a […]
GBP/JPY rallied today as the Nikkei has managed to increase. We have a strong positive correlation between these two. The pair was bullish despite its sideways movement. Now, it has managed to break above the former highs signaling strong buyers. The British Pound has received a helping hand from the Final Manufacturing PMI. The economic […]
GBPJPY Price Analysis – August 27 GBPJPY is set to keep its downtrend movement following a sharp pullback. However, this is because the market’s sellers are exerting additional pressure on the market. As the price continues to fall in a downward trend, there are significant pullbacks as key levels are retested. This demonstrates that after […]
GBPJPY Market Analysis – August 20 GBPJPY double top chart pattern has plunged the price back to the 149.350 support zone. The chart pattern was formulated after price recovered from a downward surge which sunk the coin well below the 149.350 key level. GBPJPY met support at 148.440 and moved up. Further support from 149.350 […]
GBPJPY Price Analysis – August 13 The 153.450 barrier rebuffs the bulls’ advances, thereby confining the market to a ranging movement. The past two and half months have overseen strong actions by the bears and then the bulls. The price plunged strongly and then was pumped up with equal intensity. Moreover, for the past three […]
GBPJPY Price Analysis – August 6 GBPJPY recovers to keep trading above the 151.200 key level. The market has been trading above this level for the past 57 trading days, from the 28th of April 2021 to the 16th of July 2021. During this time, price started a downtrend, in which it spiked down three […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishToday, the GBP/JPY pair is falling after facing rejection at level 152.00. Since May 10, the market has been declining gradually on the downside. The currency price has broken below moving averages which accelerated the selling pressure. Meanwhile, on June […]
