GBP/JPY Price Forecast: 50-day SMA caps sideways trading
GBP/JPY Price Forecast: Recovery stalls below the 50-day SMA
GBP/JPY Price Forecast: Struggles at 50-day SMA with bulls near 215.50
GBP/JPY Price Forecast: Rebound holds above 200-day SMA
GBP/JPY Price Forecast: 200-day SMA holds as downside risks linger
GBP/JPY Price Forecast: Bears test 200-day SMA after sharp selloff
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'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
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 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