Trade Successfully
GBP/JPY holds in a tight range; eyes on 132.00. GBP/JPY is lacking direction in the very short-term timeframe as it has been consolidating above the 38.2% Fibonacci of the down leg 144.95-124.00 at 132.00 and the 135.80 resistance over the last month. It is noteworthy that the 20- and 40-day simple moving
Read More
GBP/JPY is heading slightly higher after the drop to the 131.87 support level. However, the decline in the simple moving averages (SMAs) and the Ichimoku indicators suggest the continuation of the descending movement in the short-term timeframe. Moreover, the MACD oscillator is heading south in the negative zone, though, the RSI
Read More
GBP/JPY’s downside risks intact, reaching multi-year low. GBP/JPY’s nearly one-month decline, out of a consolidation phase, appears to have just about touched a 41-month low of 123.97, assisted by the declining Ichimoku lines and the recent bearish crossover in the downward sloping 50- and 100-day simple moving averages (SMAs). The short-term technical
Read More
GBP/JPY bearish in short and medium-term; next support near 135.80. GBP/JPY is resuming negative momentum below the 200-day simple moving average (SMA) after some consolidation in the past few days that took the form of a bearish rectangle in a smaller timeframe (look at 4-hour chart). The next move in the price is likely
Read More
GBP/JPY sharp sell-off continues at a 3-month low near 140.00. GBP/JPY has maintained an aggressive selling movement over the last sessions, recording a new three-month low of 140.10 earlier today. The bearish structure in the very short-term is confirmed by the technical indicators, which are hovering in the oversold zone. The MACD
Read More
GBP/JPY could stay neutral; trend signals skewed to the downside. GBP/JPY keeps trading sideways but short-term trend signals seem skewed to the negative side as the pair has already crossed below the supportive trendline, the 50-day simple moving average (SMA) is preparing to cross above the 20-day SMA, while the price itself is
Read More
GBP/JPY confined within a trading range; bulls picking up. GBP/JPY is in the process of pushing above the converged simple moving averages (SMAs) and upper Bollinger band around the 143.10 area. That said, the pair remains range-bound – backed by the narrowing in the Bollinger bands – since 23 December 2019, between
Read More
GBP/JPY is trading sideways over the last month, struggling within the 50.0% Fibonacci retracement level of the down-leg from 147.95 to 140.80 near 144.40 and the 141.10 support level. However, looking at the very short-term timeframe the pair rebounded on the 140.80 level on January 6 and surpassed the moving averages,
Read More
GBP/JPY appears to have stalled below the flat lines of the Bollinger bands, but buyers are attempting to overtake the mid-band at 143.08, after the bounce off the lower-band. The fresh positive push seems to also be aided by the bullish crossover of the 200-day simple moving average (SMA) by the
Read More
GBP/JPY sellers take control of the medium-term picture. GBP/JPY is attempting to push below the 50-day simple moving average (SMA) and swing low residing at the 141.40 and 141.15 levels respectively. The negative move seems to be aided by the momentum indicators and the slight downturn in the 20-day SMA. The short-term oscillators
Read More