Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishGBP/JPY pair is in a downtrend. The currency price is making a series of lower highs and lower lows. Today, the pair is approaching the overbought region at level 152.06. The selling pressure will resume in the overbought region. Meanwhile, […]
Key Support: 148.40 – 149.55 Key Resistance: 151.00 – 151.50 The GBPJPY has dipped from the break of the 151.50 earlier this week about 2.10% or 316 pips right to a massive level on the daily (BIG BUY ZONE). At the bottom of the move the GBPJPY has created an inverted head and shoulders on […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishGBP/JPY pair has been in an upward move. The uptrend was repelled at level 156.00. The currency pair retraced to level 151.00 as bulls bought the dips. The selling pressure will resume as price retest the resistance zone. Meanwhile, on […]
GBP/JPY moved sideways in the short term trying to accumulate more bullish energy before taking out a major downtrend line. It has tested and retested the weekly pivot point and now it tries to come back higher. The Pound could drag the pair higher as the UK inflation data have come in better than expected. […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishGBP/JPY pair is making an upward move to retest the previous resistance zone. The currency price has broken below the moving averages which suggest that the pound is capable of falling on the downside. Meanwhile, on June 18 downtrend, a […]
Key Resistance: 153.15 Key Support: 151.40 The GBPJPY had a very bearish day yesterday moving -172 pips from high to low breaking also with last week’s lows. In yesterday’s live session I talked about looking for shorts on a retest of the previous broken level (153.00) During the Asian and the European session we saw […]
GBP/JPY changed little in the short term after passing above upside obstacles. It has decreased a little to retest the broken downtrend line and it could start increasing again soon. It moves sideways in the short term but I really hope that we’ll have a good trading opportunity after ending its range. The Pound could […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY pair is in an uptrend. The currency pair has fallen below the moving averages twice. The Pound was repelled twice at levels 156 and 155 before the resumption of a downward move. GBP/JPY pair is struggling to sustain above […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY pair is in an uptrend but faces rejection at level 156. In the first downtrend, the pair fell to level 152 and resumed upward. The upward correction was terminated at level 155. The market has resumed a fresh downtrend […]
