Tag Archives: GBP/JPY

(140,20) The GBP/JPY confirmed a weak closing last night below the low of the past few sessions as well as below the support of the inside day at 140,00, suggesting further weakness in the coming hours toward the support line at 138,50.

(140,75) The GBP/JPY is confirming further consolidation interior Friday’s inside day with 142,20 – 140,00 still the levels to follow in the coming hours.

(141,22) The GBP/JPY confirmed a weak closing last night below the low of the previous session; a possible closing tonight below 140,18 will confirm a s/t top for this cross suggesting a decent correction.

(141,45) The GBP/JPY confirmed a strong closing last night after a 142,50 overshooting where it found some resistance. The slope of the move up is very steep and dangerous!!

(139,35) The GBP/JPY confirmed as well further strength and a strong closing even despite a swift correction. We have to expect a retest of the 140 level.

(138,40) The GBP/JPY failed to confirm any correction extending instead the move up already above 138.

(136,55) The GBP/JPY confirmed yesterday even a 137,80 overshooting before turning again lower. The closing was still very strong.

(136,10) The GBP/JPY confirmed another strong closing last night above Friday’s top on the way for a test of the 137 area where we expect decent resistance and from where we favour a firm correction.

(135,20) The GBP/JPY confirmed another strong closing last night above the previous top favouring a firm 135 overshooting. Still possible a direct extension toward the 137 area.

(134,95) The GBP/JPY confirmed a strong closing last night well above the 133,50 level. We expect resistance at 135,15 before the 137 area.