Post Tagged with: "GBP/JPY Technical analysis"
USD/JPY and GBP/JPY Under Bear Pressure
USDJPY: Bearish, Weakness Pressures the 75.92 Level USDJPY: With a follow through lower on the back of its past week gains now seen, further weakness is now envisaged towards the 75.92 level, its 2011 low. USDJPY has been under bear pressure since topping out at the 124.13 level in Jun’2007 and with that downtrend remaining
EUR/JPY Bearish, GBP/JPY Pressured Downwards
EURJPY: Bearish Momentum Remains Intact. EURJPY- The risk continues to point lower as EURJPY remains under pressure following its failure at the 117.77 level. A return below its Jun 16’2011 low at 113.42 is building up as a follow through lower on its Thursday losses is now seen. Guest post by www.fxtechstrategy.com On a decisive violation
EUR/GBP Set to Strengthen
EURGBP: Set To Strengthen Further In The New Week EURGBP- The cross reversed almost all of its earlier gains for the week to close marginally lower on Friday.This is coming on the back of a halt in price declines at 0.8720 level on Thursday and its subsequent two-day rally. This development has opened up further
GBP/JPY Maintains Recovery Tone, GBP/USD Loses Momentum
GBPJPY: Maintains A Recovery Tone. GBPJPY – While GBPJPY has halted its weakness started from the 140.02 level in early April’2011, it requires further strength to prevent a return to the 129.68 level, it June 12’2011 low.If this happens, GBPJPY will strengthen further towards its daily 200 ema at 132.94 with a violation of that
GBPJPY: Vulnerable To The Downside Into The New Week.
GBP/JPY– The cross continues to face downside weakness following through on the back of previous week losses and increasing the risk of further declines. This development now leaves GBPJPY targeting the 130.19 level, its Mar 23’2011 low where break will open the door for further weakness towards the 129.15 level, its .618 Fib Ret (122.40-139.99
GBPJPY Set To Extend Weakness
GBPJPY – With the cross capping gains and tumbling off the 139.90 level to wipe out its past previous week gains and close lower, further weakness is now likely as we enter a new week. Guest post by www.fxtechstrategy.com Although this is a correction of its rally from the 122.40 to 139.99 levels, any further weakness
GBPJPY: Bear Pressure Set To Extend Further (Week Ahead)
GBPJPY – With a follow through higher seeing GBPJPY breaking and closing strongly above the 135.47 level, its Feb 18’2011 high. It now looks to target its psycho level at 140.00. While price hesitation on an initial test of that level cannot be ruled out, its eventual break will set the stage for further strength
GBPJPY – Bullish, Sets Up For More Gains
GBPJPY – With a firm hold above the 135.47 level seen and a challenge on further upside underway, GBPJPY looks to target the 142.00 level. This buttresses our call for the possibility of a follow through higher in our weekly analysis. Its new offensive is coming on the back of the resumption of its short
GBP/JPY Outlook – June 21-25
The Chinese government finally made its move and promised to let the Chinese yuan trade more freely – appreciate against the dollar. This announcement on the weekend will have a positive impact on the Japanese yen across the board. The most interesting cross is GBP/JPY. Here’s an update on the situation and on the technical
GBP/JPY – Another Attempt to Break Higher
The Geppy is enjoying risk appetite and other elements to make another attempt to break higher. Will it make it? Update on the forces moving this cross. GBP/USD enjoyed the weekend gaps to jump over the strong resistance line against the dollar. After slipping back down to the critical level, it got a boost