Post Tagged with: "GBP/JPY"
GBP/JPY At All-Time Low – Bernanke Slays the “Dragon”
The dragon surrenders and loses its firepower. GBP/JPY is now at 118.53, under the previous all time low of 118.90 set back in January 2009. Ben Bernanke slayed the “dragon”, which was already weakened by his counterparts in London. From here, there is a lot of room to fall in uncharted territory. The main reason
GBP/JPY Close To All Time Low
Pound/yen is getting very close to the all time low recorded in January 2009. The recent drop in the pound against the dollar is the main reason for this fall. Will break lower and dive? Or recover from here? A lot depends on Bernanke. Pound Weakness, Yen Stability GBP/USD dropped earlier below 1.56. This came
GBP/JPY and EUR/USD Technical Analysis
GBPJPY: Maintains Recovery Tone GBPJPY – The cross remains biased to the upside on a corrective recovery breaking and closing slightly above the 134.01 level, its May 11’2011 high on Tuesday. Though it continues to retain its recovery tone triggered from the 130.25 level, it requires a convincing break and hold above the 134.01 level
AUD/CAD, GBP/JPY and EUR/AUD – Elliott Wave Video
In the next video, Gregor Horvat will discuss about the FX crosses, such as Aud/Cad, Gbp/Jpy and Eur/Aud. He will point out some very important levels that traders need to pay attention on for a long-term and short-term period. Guest post by Gregor Horvat Pairs will be analyzed from an Elliott Wave perspective. If you
GBP/JPY Downside Pressure Persists
Although closing marginally lower for the past week, GBP/JPY remains vulnerable to the downside on corrective pullbacks. Its current vulnerability is coming on the back of a loss of price momentum at the 139.99 level in early April’2011. Guest post by www.fxtechstrategy.com On continued bear threats, the cross will aim at the 130.19 level, its
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
5 Most Unpredictable Currency Pairs
Some currency pairs just give you a headache: they take a slow walk through clear lines of support or resistance, make jumps when nobody’s looking and get traders to draw strange lines on the charts. These currencies are the least predictable ones. Here are my top 5 pairs that are most challenging for technical analysis:
Forex Crunches for the Weekend
Another volatile week is behind us. Will the dollar continue higher? Here are selected opinions on the greenback, and other long-term forex related articles for the weekend. Enjoy! James Chen provides an Elliott Wave analysis of the US Dollar Index – is it ready to reverse? Adam Kritzer states that the forex market looks to
5 Most Unpredictable Currency Pairs II
Some currency pairs are truly annoying – they can criss-cross through clear levels of resistance and support,surprise when least expected and find the trader grabbing his head with anger. Here are my top 5 pairs that are the toughest with technical analysis
Coordinated Intervention To Weaken the Yen?
The Bank of Japan announced an immediate emergency meeting to begin very soon – Monday 00:00 GMT. There are expectations for new easing steps to boost the economy. But there might be more – Will we see a global coordinated intervention to weaken the yen? Yen crosses are already on the rise. The governor of