Posts Tagged ‘GBP/JPY’

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GBP/JPY Is Capped by a Declining Trendline — Forecast — April 12th 2017

In this video, the Trading Central looks at the currency pair GBP/JPY for the April 12th session. GBP/JPY — Looking at the 30-min chart, the pair indeed remains capped by the declining trendline, in place since last Wednesday. It remains under pressure below the declining 50-period Moving Average. Further weakness is also expected below the horizontal resistance of 137.35. The next horizontal support is located at 136.15 and the next level at 135.7.

GBP/JPY Remains Capped By a Declining TrendLine — Forecast — March 8th 2017

In this video, the Trading Central looks at the currency pair GBP/JPY for the March 8th session. GBP/JPY — Looking at the intraday 30-min chart, the pair indeed remains under pressure and capped by a declining trendline in place since last Friday. It remains also capped by the declining 50-period Moving Average. Further weakness is also expected below the strong horizontal resistance at 139.25. The first target is set at February bottom, at 138.50. The next […]

Faraday — Trading Sterling Weakness Against Yen Strength

Faraday trader Thomas Light thinks Sterling has looked vulnerable during the last two weeks and plans to pair it against a resilient Japanese Yen. Thomas Light: Taking a look at GBP/JPY's daily chart, we can see that prices have started to trend lower after failing to break above the 188.00 resistance earlier in the month. This was followed by a break below descending channel. Last week's price action […]

Coleman — Looking for a Upswing in GBP/JPY

Thanksgiving makes the hunt for opportunities a little bit more elusive especially as liquidity tends to dry up but despite a medium-term bearish trend in GBP/JPY, Ian Coleman has spotted signs of a possible upswing. Ian Coleman: The Thanksgiving in US means low liquidity and lack of any economic releases. So we expect consolidation in Forex majors. Looking at the dollar index we have mixed USD trading for last 12 days. This […]

Lucas — GBP/JPY Death Cross Gives Life to Short Strategy

Steve Lucas from 3c Analysis has spotted a Death Cross, where the 50 day average crosses below the 200 day average, in GBP/JPY. Steve Lucas: Rally in GBP/JPY has stalled at 50 and 200 day moving averages. We have also broken the trend of higher weekly lows. Also the market has formed a death cross and that is when the 50 day average crossed below the 200 day average. […]

British Pound — Daily Forecast Technical Analysis — October 20th 2014

In this video the Trader Guy looks at currency pair GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP pairs for the upcoming October 20th session. GBP/USD — This video is going to be little bit different in the sense that I am not just looking at the GBP/USD but I am actually looking at the British Pound in general. I see no major economic announcement is going to have any major effect on the Pound. This is purely […]

GBP/JPY — Daily Forecast Technical Analysis — October 9th 2014

In this video the Trader Guy looks at currency pair GBP/JPY pair for the October 9th session. GBP/JPY — I am focusing on this pair because we had some interesting action recently. On the trading session on Monday we formed a hammer right at the 175.00 level which ofcourse is a bullish sign. We didn't break higher than that though and the downward pressure continued. We had a pretty negative candle on Tuesday […]

GBP/JPY Heads Towards Double Fib Resistance at 152.00 Area

GBP/JPY — We have seen a bit of volatility, dip down to 150.50 during Mr. Carney's statement and then reversed quite smartly and is near the highs of the day and running towards the highs of 155.40, 155.50 area. It has resistance coming due to the fact that we have got some geopolitical issues going around and that should keep the Yen supported. Looking at USD/JPY we have resistance between 97.75 […]

GBP/JPY Still Supported By Rising Trend Line

Forex Trading TV brings you the latest technical analysis on the GBP/JPY pair for the August 19th in this video. GBP/JPY — Both Cable and USD/JPY are inching a little bit higher. USD/JPY broke above the intra day highs of 97.80 and trading around 97.95. Cable is sitting at the days high of 156.70 and is inching higher. In the last few minutes or so we have broken above the last weeks high of 153.20. […]

EUR/GBP Target and GBP/USD Break

Nathan in this video looks at the daily analysis for for the  USD/CHF, EUR/USD, GBP/USD, EUR/CAD, EUR/GBP, USD/CAD, USD/JPY, EUR/JPY, GBP/JPY and CAD/JPY pairs. USD/CHF — This pair had a tailbar close yesterday and found support at 0.9420 area which is also 38.2% Fibonacci retracement level. This level looks interesting and it looks like it is going to move to the upside towards 0.9550 level. If it breaks […]