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GBP/JPY consolidates after reaching an 11-month high of 145.00. GBP/JPY failed to post more gains above the fresh 11-month high of 145.00 that it posted earlier this week and is moving sideways within a narrow range of 144.05 – 145.00 in the 4-hour chart. Currently, the price is developing around the red Tenkan-Sen line suggesting
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GBP/JPY tests the lower boundary of the descending channel. GBP/JPY has been trading within a negatively sloping channel over the last three weeks, with the bears challenging the lower boundary today. Currently, the price holds well below the 20-and 40-simple moving averages (SMAs) in the 4-hour chart, which are ready to post a bearish crossover. Having
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GBP/JPY stops above 142.00; negative in the long term. GBP/JPY has rebounded somewhat on the 40-day simple moving average (SMA), which posted a bullish crossover with the 20-day SMA. Also, the price surpassed the 38.2% Fibonacci retracement level of the down leg from 156.60 to the more than two-year low of
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GBP/JPY started the week on a softer note after hitting a seven-week high at 144.82 on Friday. The technical picture predicts now that a sideways move could follow in the short-term as the RSI moves down to meet its 50 neutral level, whereas the MACD continues to gain strength in positive territory and above its
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GBP/JPY retreats from 7-week high; holds in an upward sloping channel. GBP/JPY has rebounded somewhat from the seven-week high of 144.20 that it reached earlier today. Currently, the price has been stuck in a channel tilted to the upside following the pullback on the more than two-year low of 132.48. The stochastic oscillator is
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GBP/JPY hovers around 1-month high; positive in the short-term. GBP/JPY has been advancing considerably for three days in a row, reaching a fresh one-month high of 142.20 during yesterday’s trading session. The price jumped above the strong obstacle of the 50.0% Fibonacci of 141 of the down-leg from 149.50 to 132.50, while it also surpassed the 20- and 40-simple
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GBP/JPY moves sideways within SMA; still negative in the near-term. GBP/JPY has been in a neutral mode after the price jump above the more than two-year low around 132.48. The technical indicators are turning lower as the price is losing momentum. The RSI indicator is sloping down, failing to surpass the
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GBP/JPY stabilises at 4-month lows; decline looks oversold. GBP/JPY paused selling at a four-month low of 140.55 on Thursday, with the RSI hinting that a rebound could possibly take place in the four-hour chart as the indicator is fluctuating below 30 in oversold territory for the second day. Yet, as long as the MACD
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GBP/JPY has more room to lose; negative in the near-term. GBP/JPY has declined considerably after touching several times the 143.90 resistance level in the previous daily session. In the short-term, the bias seems to be negative, while on the daily chart the pair remains in a sideways channel over the last four months with upper
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GBP/JPY tumbles below falling trend line; neutral in the medium-term. GBP/JPY has declined considerably after touching a two-month high of 149.50 at the beginning of November. In the short-term, the price seems to be negative, while in the daily chart the pair remains in a sideways channel over the last three months with upper boundary
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