At the end of last week, the pair GBP/JPY failed to overcome the resistance at 145. A powerful movement of correction has occured, resulting to an output of the medium term bullish channel (black lines). The downward movement has been stopped on the level gathering all last lows at 142.37.
Mar 26 | Forextribe
After a pullback on 143, a new bearish wave occurred on the pair GBP/JPY. The price is currently testing the major support at 140. Its breakout would definitively end the uptrend background. This level includes all lows of 2013. The last bearish movement is part of a medium term downtrend channel (black lines), which is the same than the short-term downtrend channel that we identified earlier.
Feb 26 | Forextribe
Last Friday, a strong rebound occured on the pair GBP/JPY, allowing the validation of our medium-term bullish slant (purple line - 3 points of contact). 143 also acted as support. The price is back above our neutral zone. The return above 145 gave us a buy signal. Currently, the pair is testing a ma...
Feb 18 | Forextribe
After completing a double top on the resistance at 148, the pair GBP/JPY has started a correction. The return below the support at 145 make us come neutral on the pair between this level and the support 142.
Feb 15 | Forextribe
After a pullback on the support at 142 and its long term bullish slant (blue line), the pair GBP/JPY is currently testing for the 4th time the resistance at 144. The breakout of this level is expected soon and should cause a further upward acceleration to 146 and 148.
Jan 31 | Forextribe
Since November, the pair GBP/JPY was in an upward trend over a medium term trend line (blue line). Yesterday, following the output of the medium term bullish channel (black lines), investors sold heavily the pair that caused the break of the trend line. A sell signal has been given.
Jan 23 | Forextribe
Earlier this week, a correction has occured on the pair GBP/JPY which made a pullback on 140. This level has led to a resumption of the upward trend and the price is now close to the major resistance and psychological level at 145. The price is currently testing the upper limit and also a short term bullish slant as resistance. A pullback on 142 could therefore intervene.
Jan 11 | Forextribe
Yen never stops to depreciate against the British Pound and other currencies on the Forex. The pair GBP/JPY has continued its bearish rally in recent days and the upward break of 138 gave us a new buy signal. The price has now as objective the resistance at 140, which corresponds to the highest of 2011.
Dec 28 | Forextribe
British Pound-Japanese Yen (GBP/JPY) went as high as 137.86 and then went into a volatile sideways mode over the week's low of 135.
By Himanshu | Dec 25 | ForexAbode
The currency pair GBP/JPY continues to move forward and has just validated a break of the resistance at 137 (new buy signal). The course is still moving into its short term bullish channel (orange lines). The opening bullish gap has not been filled.
Dec 19 | Forextribe
Drift: Very much like the USD/JPY, the EUR/JPY is also drifting higher after filling the opening gap noted in the previous update. At this point, a break below 108.60 is a sign of consolidation/correction. However, bullish continuation has the 2012-high of 111.42 in sight in the very short-term. There is a lot of room above that to run, as the 200-week SMA resides at 115.
By Fan Yang | Dec 18 | FX Times
Ever higher, is the motto of the GBP/JPY currency pair. Following the victory of the right in elections in Japan, a major bullish gap occurred at the opening on Sunday evening. This led to the break of the resistance at 135.50, giving us a new buy signal.
Dec 17 | Forextribe