GBP/JPY is expected to trade in a higher range. The pair is rebounding and is trading above the rising 20-period moving average, which is playing a support role. In addition, the 20-period moving average just crossed above the 50-period one, which is a positive signal. It is still supported by a...
OverviewGBP/JPY is trading with the overall bearish bias. The pair is heading for 144.00 that is the first target of the recent downward trend. Importantly, the continuation of the negative pressure will allow the price to surpass the current target, so that we expect the pair to move towards the...
Our target which we described in our previous analysis has been hit. GBP/JPY is still under pressure and expected to trade downside. The pair broke below its former key support at 145.35, which becomes a key resistance now, and consolidated on the downside. The relative strength index is below its...
Our target which we predicted in yesterday's analysis has been hit. GBP/JPY is still under pressure. The pair is rebounding and has broken above its declining 20-period moving average. The relative strength index is above its neutrality level at 50. Nevertheless, 145.70 is playing a key resistance...
As predicted, our downside target has been hit. The pair recorded a succession of lower highs and lower lows since July 18, which confirms a negative scenario. The declining 50-period moving average is playing a resistance role and maintains the downside bias. The relative strength index is capped...
OverviewThe GBP/JPY pair touched the 145.00 barrier yesterday and is rebounding now to show some bullish bias now, while the negative pressure is still valid as long as the price is stable below 147.65. This move is supported by the negative signal provided by stochastic, waiting to visit 144.00...
All our downward targets which we predicted in Yesterday's analysis have been hit, GBP/JPY is expected to continue its downside movement. The pair accelerated on the downside and broke below the lower boundary of the Bollinger bands. The downward momentum is further reinforced by both declining...
OverviewThe GBP/JPY pair tests the critical resistance at 147.65 now which represents the neckline of the double bottom pattern. As we mentioned in our last reports, breaching this level will stop the expected decline in our last reports and will push the price to 149.00 and then 150.95 on the...
GBP/JPY is expected to trade with a bearish outlook. The pair broke above its 20-period moving average but is still capped by the 50-period one. The relative strength index is below its neutrality level at 50 and lacks upward momentum. In addition, 147.60 is playing a key resistance role, which...
Yesterday's targets which we predicted have been hit precisely in line with our outlook. The technical picture of the pair remains positive above a rising trend line and the pair is expected to continue its upside movement. The rising 20-peirod and 50-period moving averages maintain the upside...
