Japanese Yen Forecast: USD/JPY on Breakout Quest as GBP/JPY Fends Off Support Test
This article takes a technical view of USD/JPY and GBP/JPY, analyzing critical support and resistance levels that deserve careful scrutiny in the coming trading sessions.
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I went LONG on GBP/JPY (Trade Breakdown) #shorts
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Read More »GBP/JPY Price Analysis: Trimmed last week’s losses, regains the 200-DMA
The GBP/JPY advanced for the fourth straight day and reclaimed the 200-day EMA after hitting a daily low at around 159.43, though buyers stepped, send
Read More »GBP/JPY Price Analysis: Plummets below 155.50 after losing more than 2.93% in the day
GBP/JPY plunged more than 450 pips or 2.93% on Friday, amidst risk-aversion, after PMIs reported by S&P Global showed that the EU and the UK could be
Read More »GBP/JPY Price Analysis: Tumbles below 164.00, approaches the H4 head-and-shoulders target
The GBP/JPY drops for the four consecutive trading session, down by 0.86% on Friday, after Wall Street finished the last trading day with losses betwe
Read More »GBP/JPY skids below 165.00 as BOJ warns intervention, UK Retail Sales eyed
The GBP/JPY pair has slipped below the critical support of 165.00 in the Asian session. The asset is declining strongly after surrendering the cushion
Read More »GBP/JPY Price Analysis: Takes offers inside weekly triangle after Japan Q2 GDP
GBP/JPY renews daily bottom near 161.60 after Japan’s Q2 GDP flashed softer than expected figures during the initial hour of Monday’s Asian session. E
Read More »GBP/JPY seesaws near two-week low under 161.00 as risk-aversion stalls amid quiet session
GBP/JPY bears struggle to keep reins amid a sluggish Tokyo open on Tuesday. In doing so, the cross-currency pair takes rounds to the fortnight as the
Read More »GBP/JPY Price Analysis: Approaches short-term key hurdles above 154.00
GBP/JPY remains on the front foot around 154.40, up 0.08% during the four-day winning streak to Wednesday’s Asian session. In doing so, the yen cross
Read More »GBP/JPY Price Analysis: Extends bounce off 78.6% Fibo towards 152.00
GBP/JPY justifies the previous day’s rebound from key Fibonacci retracement (Fibo.) support while refreshing the daily high to 151.65 during Wednesday
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