Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the support levels, while the green line indicates the resistance...
GBP/JPY broke out of its short term ascending support line and has reacted off its resistance at 149.13 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement). We expect price to drop further to its support at 148.20 (horizontal swing low support, 76.4% Fibonacci retracement). Ichimoku...
OverviewThe moving average 55 is forming a strong barrier at 149.85, but the stability of GBPJPY within the bullish channel's levels will increase the chances to gather positive momentum in the near period. This increases the chances to make the required breach, aiming for the main upward targets...
GBP/JPYYesterday, the players were on the raise, thanks to the combination of supports (the lower bounds of the clouds of the lower halves + the final boundaries of the gold cross N4), led by daily Tenkan (148.16), were able to maintain a daily short-term advantage. As a result, today we see a...
GBP/JPY is expected to trade with a bullish outlook. The technical outlook of the pair turned bullish as the prices broke above the declining trend line since May 15. The 20-period moving average is turning up. The relative strength index is heading upward, calling for a further rebound. Therefore,...
The GBP/JPY at 4-Hour Charts seem already making higher highs and higher lows after the MACD Divergence with the price but this pair now getting struggles with the Support Become Resistance level at 149.11 events now this pair already breakout above those level now the GBP/JPY must test the 149.11...
GBP/JPY is under pressure and expected to trade in a lower range. Although the pair posted a rebound from 147.55, it is still capped by a declining 50-day moving average. The relative strength index is mixed to bearish. The key resistance level at 149.05 should maintain the selling pressure. Hence,...
GBP/JPY is expected to trade with a bullish outlook and continue its rebound. Despite the pair posting a pullback from 149.05, a support base at 148.20 has formed and has allowed for a temporary stabilization. The relative strength index is turning up and is entering the neutrality level at 50,...
OverviewThe GBP/JPY pair is still following the bullish trajectory. A new bullish wave is likely to be formed, moving away from the main support at 147.10 today. Further positive pressure will open the way towards several targets in the near and medium term that begin at 149.40 reaching 38.2%...
GBP/JPY is expected to trade with a bullish outlook and continue its rebound. The pair is edging higher and is challenging the key resistance at 149.25. Both rising 20-period and 50-period moving averages play support roles and maintain the upside bias. The relative strength index is bullish,...
