Tag Archives: GBP/JPY
GBP/JPY Technical Analysis
(132,10) The GBP/JPY is still confirming further consolidation interior the inside day with 132,95 – 131,45 still the levels to follow in the coming hours.
FX Technical Volume Strategy: GBP/JPY tops out
An increase in volumes yesterday marked the highest level of activity so far this month. A near-term topping signal emerged in GBP/JPY. The low close after an initial rally, along with volumes above the 20-day average, points to a pullback within range.
FX Trends daily (FOCUS : GBP/JPY)
GBP/JPY After a recent rebound, the GBP/JPY reversed its trend and broke below a support at 126 which signals a likely extension of the downtrend in the coming sessions toward 124,83 then 123,86 (retracement of 61% of the uptrend between July and September).
Daily FX Technical Strategy: JPY juggernaut still turning
Yesterday was a day of consolidation in FX markets and it passed without producing evidence of material change. Consequently, we are sticking with recent themes: USD strength, JPY weakness and NOK strength.
Daily FX Technical Strategy: US yield rise lends further USD support
Having broken out of well-established ranges earlier in the week, US yields are surging higher across the curve. Into next week, we suspect the pace of the move will slow given approaching stronger support but for the time being, the dollar is responding.
Technical Analysis
In the search of ending corrections… EUR/USD seeking a 2nd reaction target… USD/JPY caution with longs!… GBP/JPY head & shoulders top… EUR/SEK completed correction?… USD/SEK fell hard… EUR/NOK next move unclear… NOK/SEK correctional setback… AUD/USD sandwiched… EUR/CZK at least one more low likely… EUR/HUF best bullish wave count disrupted… EUR/PLN major setback!
Technical Analysis
Yesterday, a one day correction? SEK weaker. EUR/USD 1.3205 and then down again… GBP/JPY looking for a sell off… NZD/USD searching a new sell… EUR/SEK key resistance up for grabs… EUR/NOK another low not unlikely… NOK/SEK trying to pass the key res…
GBP/JPY Technical Analysis
(122,25)The GBP/JPY formed a negative day reversal but only a daily closing below 121,40 will confirm a s/t top. A move above 122,90 will instead support a direct extension of the move up toward the 200 days line at 124,46.
GBP/JPY Technical Analysis
(122,60)The GBP/JPY confirmed a strong closing above the resistance of the positive outside day at 121,20 supporting further strength. Possible a direct extension of the move up toward the 200 days line, now found a 124,51.
GBP/JPY Technical Analysis
(120,55)The GBP/JPY is confirming further consolidation interior the positive outside day with 121,20 – 119,35 still the levels to follow in the coming hours. The indicators of the daily chart are positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction.
ECB and Bank of England meeting previews
Monetary policy meetings will be held in the Bank of England and European Central Bank tomorrow and the latter at least has the potential to deliver important new developments. ECB My guess would be that the desire to cut rates again will not yet be irresistible for the Governing Council, as also indictaed by the […]
UK M4 figures imply further Quantitative Easing
A quiet start to the year in the UK, both politically and economically, with no bold headlines screaming for attention, but hidden amongst a first week of relatively strong UK data, (all the three Purchasing Managers Indices – for Manufacturing, Construction and, most importantly, Services – came out slightly stronger than expected), were some ominous, […]