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 pair is facing resistance at level 156.00. The market declines to level 152 after the rejection. This has caused the price to fall below the moving averages. The currency price has to break […]
GBP/JPY is trapped within a minor down-channel pattern. It’s traded at 155.09 level and is trying to stay near the resistance area. A valid breakout could really signal an upside continuation. In the short term, the pressure remains high. The pair was into a corrective phase after reaching 156.07 high. Now, the pair moves sideways […]
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 broken above the previous resistance and moved on the upside. The market is declining because of the resistance at level 156.00. If price breaks below the moving averages, the downtrend […]
Key Support: 154.50 – 154.00 Key Resistance: 155.50 The GBPJPY rallied 1.48% at the end of May and last week price pulled back to the previous broken level forming a flat correction right at the 1.13 retracement of the BC move. We have been looking for a setup to go long here on a bullish […]
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. On Mat 27, the pair reached the high of level 156.00. The currency pair was resisted as the market resumed a downward move. The uptrend will resume if price retraces and finds support 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. Today, the market has risen to level 156.00 high. It is said that the pair has reached the overbought region. On April 6 uptrend a retraced candle body tested the 38.2% Fibonacci retracement level. […]
GBP/JPY seems undecided in the short term after reaching the 154.82 high. The pair moves sideways showing some overbought signs. Still, the bias is bullish, so it is premature to talk about a strong corrective phase. It remains to see what will really happen in the short term. JP225 (Nikkei) stays higher and a potential […]
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 has resumed an upward move after breaking the resistance at $152.00. In the previous price action, the currency pair has been in a sideways trend since March 11. Today, the uptrend has reached level 154.80. The uptrend is retesting […]
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. Buyers have broken the previous resistance at level 153.41. Presently, the uptrend has reached a high of level 154.14. On April 6 uptrend a retraced candle body tested the 38.2% Fibonacci retracement level. The […]
