Tag Archives: GBPJPY

GBP/JPY sticks to gains near daily high, holds comfortably above mid-162.00s

GBP/JPY gains some positive traction on Friday and recovers further from the weekly low. Mostly better-than-expected UK macro data benefits the British pound and offers support. The offered tone surrounding the safe-haven JPY remains supportive of the positive move. The GBP/JPY cross builds on the overnight goodish bounce from the 161.25 area, or the weekly… Read More »

GBP/JPY Price Analysis: Remains pressured towards 162.00 ahead of UK GDP

GBP/JPY fades bounce off weekly low ahead of the preliminary UK Q2 GDP. Multiple failures to cross 50-day EMA, previous support line from March favor sellers amid steady RSI, bearish MACD signals. 200-day EMA offers strong support, six-week-old horizontal line adds to upside filters. GBP/JPY holds lower grounds inside an immediate 30-pip trading range above… Read More »

GBP/JPY Price Analysis: Sellers need validation from 162.70

GBP/JPY struggles for clear directions, grinds near intraday high of late. Multiple pullbacks from the key SMAs, impending bear cross on the MACD tease sellers. Bulls should remain cautious below descending trend line from late June. GBP/JPY steadies near 163.20, after rising for the last three days, during the initial Tokyo session on Wednesday. The… Read More »

GBP/JPY Price Analysis: Drops below the 20-DMA as sellers eye the 100-DMA

GBP/JPY exchanges hands around familiar levels, above 163.00. From a long-term perspective, the cross is neutrally biased, waiting for a catalyst. The GBP/JPY hourly chart is neutral-biased but tilted downwards as sellers gather momentum, as shown by the RSI. The GBP/JPY seesaws during the North American session amidst a dull trading day. Investors are bracing… Read More »

GBP/JPY stays pressured around 163.00, traces sluggish yields

GBP/JPY remains depressed amid mixed clues, inactive markets. Yields seek fresh clues to consolidate Friday’s rally ahead of US inflation. UK politics, Brexit woes exert downside pressure amid dormant session. Hopes that Japan’s cabinet reshuffle won’t affect BOJ monetary policy test bears. GBP/JPY remains mildly offered around 163.00 heading into Tuesday’s London open. Even so,… Read More »

GBP/JPY Price Analysis: Dwindles at the 20-DMA drops to the 163.00 figure

The GBP/JPY daily chart portrays the pair as neutral-to-downwards, pierce of 163.00, to send the pair towards the 163.10s area. From a short-term perspective, the GBP/JPY is range bound, but the higher-time frame could lean the pair neutral-to-downwards. The GBP/JPS is almost flat as Tuesday’s Asian Pacific session begins, seesawing around the 100-day EMA after… Read More »

GBP/JPY aims to extend recovery above 163.50, spotlight is on UK GDP

GBP/JPY is expected to extend their gains above 163.50 on higher UK inflation expectations. The UK economic data comprising GDP, Industrial Production, and others are likely to remain downbeat.  Japan’s Overall Household Spending improved to 3.5% vs. -0.5% and the expectations of 1.5%. The GBP/JPY pair has given an upside break of the consolidation formed… Read More »