Posts Tagged ‘GBP/JPY’

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GBP/JPY Remains on the Upside — Forecast — September 15th 2017

In this video, the Trading Central looks at the currency pair USD/USD for the September 14th session. GBP/JPY — Looking at the intraday 30-min chart, the pair has broken above the declining trendline. It remains supported by the rising 50-period Moving Average. It is hovering above the strong horizontal support at 146.55. Further advance is expected towards the Thursday's top at 148.35 and the next target at 149.10 extension.

GBP/JPY Remains Within a Bearish Channel — Forecast — August 18th 2017

In this video, the Trading Central looks at the currency pair GBP/JPY for the August 18th session. GBP/JPY — Looking at the 30-min intraday chart, the pair indeed remains inside a bearish channel, in place since last Wednesday. It remains also capped by the declining 50-period Moving Average, Further weakness is also expected below the strong horizontal resistance at 141.50. The first target is set at 140.55 and the next target at 139.90 extension.

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 […]

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