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  1. GBP/JPY Price Outlook

    by , 05-17-2019 at 10:49 AM
    Negative Break to The Downside

    Since early Jan GBP/JPY has been trading to the upside from the higher-high created on Jan 25 at 144.84, to Feb 7 higher low at 141.01. On Feb 25 the pair opened with an exhaustion gap indicating that the uptrend would end soon.
    GBP/JPY started to correct this movement on April 3 carving a lower high at 147.20 and a higher low on April 9 at 144.78, then to start a bearish movement creating on April 12 another lower high at 147.01 with a lower ...
  2. GBP/JPY: daily ranging near bullish reversal

    by , 07-21-2018 at 01:50 PM
    GBP/JPY Reverses After Earlier-Quarter Breakout

    It's been a big start to the second half of the year for the Japanese Yen. After opening into Q3, Yen weakness showed against a number of currencies, the British Pound included - and this helped GBP/JPY to make another approach at the 150.00 level. But, just as we saw in early-June, resistance came-in on the underside of the 2017 bullish trend-line, and prices promptly reversed. GBP/JPY has dropped every day of this week Monday thru ...
  3. GBP/JPY Rallies to Resistance at Prior 2018 Low

    by , 05-31-2018 at 02:04 PM
    GBP/JPY Bounce to Resistance at Prior 2018 Low

    This week started off with an increased slate of worry as financial markets gripped for the possibility of another summer of political volatility out of Europe. This helped to bring considerable strength into the Japanese Yen, helping pairs like EUR/JPY and GBP/JPY fall down to fresh 2018 lows.

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    In GBP/JPY, the selling was especially noticeable, as both a weak British Pound and ...
  4. GBP/JPY Technical Analysis: Double-Bottom, Meet Double-Top

    by , 12-07-2017 at 02:00 PM
    The price in question is 148.29, and this is the 61.8% retracement of June to December, 2016 major move in the pair. Perhaps most importantly, this price had helped to set resistance for almost ten full months in GBP/JPY. Prices turned-around here in mid-December, and again in May as GBP/JPY put in a peculiar period of price action. This pair is often trending or moving in somewhat of a directional manner: But itís also notorious for being wild and chaotic. The fact that the first nine months of ...
  5. GBP/JPY Technical Analysis: Post-Flash Crash Channel

    by , 10-20-2016 at 05:07 PM
    In the week since that last article, volatility in GBP/JPY has tamed a bit as a ~200-pip range has developed. This range can be seen as an upward-sloping channel that has a slightly bullish bias; with slightly higher-highs and slightly higher-lows. This is somewhat indicative of a market without significant conviction; and as we discussed last week this is likely resultant from the fact that both currencies are being or have been driven weaker by extremely dovish monetary policy. In the U.K., the ...
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