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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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GBP/JPY trades in an upward sloping channel in near-term but lacks any long-term direction. GBP/JPY has been developing within an upward sloping channel over the last couple weeks, following the bounce off the 144.00 support level. Moreover, in the daily chart, the pair remains in a consolidation area over the last
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GBP/JPY loses momentum; RSI signals further losses. GBP/JPY is declining considerably today, diving below the 40-simple moving average (SMA) in the 4-hour chart. In the very short-term the price seems to be strongly negative, while in the daily chart the pair remains in a consolidation area over the last three months
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GBP/JPY holds above 2-week trough; neutral in the medium-term. GBP/JPY has declined considerably over yesterday’s trading session, diving to a two-week low near the 144.20 level. In the very short-term the price seems to be strongly negative, while in the daily chart the pair remains in a consolidation area over the
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GBP/JPY unlocks new 6-week low; a bearish structure in play. GBP/JPY has tumbled to a fresh six-week low of 143.46, falling back below the 145.00 level. The aggressive selling interest started after the pullback on the 149.50 resistance level on October 8, and the pair is set to record the fifth consecutive red
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GBP/JPY has been edging higher over the last couple of sessions in the 4-hour chart, following the rebound on the one-month low of the 145.80 support level. The RSI indicator is confirming this movement as it is approaching the threshold of 50. Furthermore, the %K line of the stochastic oscillator created
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GBP/JPY retains sideways channel; lacks direction in the very short-term. GBP/JPY has been consolidating since September 24 and has been stuck in a channel with upper boundary the 149.50 resistance and lower boundary the 147.20 support. The pair lacks a clear trend in the short-term. However, it climbed above the 20- and 40-simple
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GBP/JPY re-challenges uptrend line in the near-term. GBP/JPY has been moving lower, reaching the short-term rising trend line. The price dropped below the 20- and 40-simple moving averages in the 4-hour chart, while the technical indicators are confirming the recent risk to the downside. The RSI indicator is pointing down near the 50
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GBP/JPY bullish but overbought above 200-SMA. GBP/JPY recorded an impressive rally on Thursday, closing above the 200-day (simple) moving average (MA) for the first time since May. The pair continues its bullish run today, printing fresh highs above the previous peak of 149.29. An indication that the rebound off 139.88 could
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