GBP/JPY
GBP/JPY Price Forecast: Bears test 200-day SMA after sharp selloff
GBP/JPY Price Forecast: Bears test 200-day SMA after sharp selloff
GBPJPY Wave Analysis
GBPJPY currency pair recently reversed from the support zone between the key support level 210.00 (which has been reversing the price from March) and the lower daily Bollinger Band.
GBP/JPY Mid-Day Outlook
GBP/JPY's decline from 219.56 accelerated lower today, and focus is now on 212.26 support. Strong rebound from there will keep the up trend from 184.35 intact.
GBP/JPY Price Forecast: Bulls reclaim 218.00 as RSI improves
GBP/JPY Price Forecast: Bulls reclaim 218.00 as RSI improves
USD/JPY, GBP/JPY Outlook: US Dollar Slides Despite Fed Dissent, BOJ Up Next
The US dollar weakened despite three Fed officials dissenting in favour of a rate hike, as traders pushed back expectations for a second tightening cycle. With the Federal Reserve now behind us, attention turns to the Bank of Japan, where guidance rather than rates is expected to drive the next move for USD/JPY and GBP/JPY.
GBP/JPY Slips Below 218, As Policy and Politics Collide. What Next?
GBP/JPY had a good run from late-June to mid-July and entered a range pattern from there. Does a clear break below 216 signal a bearish tide?
GBP/JPY Price Forecast: Holds 218 floor as bulls eye 219 breakout
GBP/JPY Price Forecast: Holds 218 floor as bulls eye 219 breakout
GBP/JPY Price Forecast: Breaks support trendline, eyes on 217.50
GBP/JPY Price Forecast: Breaks support trendline, eyes on 217.50
GBP/JPY Price Forecast: Holds above 218.00 bulls eye YTD peak
GBP/JPY Price Forecast: Holds above 218.00 bulls eye YTD peak
GBP/JPY Price Forecast: Uptrend pauses, bulls eye 219 breakout
GBP/JPY Price Forecast: Uptrend pauses, bulls eye 219 breakout
GBP/JPY Price Forecast: Flatlines around 218.50 with long-term highs at hand
GBP/JPY Price Forecast: Flatlines around 218.50 with long-term highs at hand
British Pound Price Action Setups: GBP/USD, GBP/JPY
While USD bulls came back to life from mid-April through last month, GBP/USD has held up relatively well. The pair did test a fresh low in late-June but support held at a key Fibonacci level of 1.3143, and that's where the music stopped for sellers and since then a strong bullish reversal has taken over that's seen Cable rip for more than 400 pips into yesterday's fresh monthly high.
