GBP/JPY’s aggressive rally off the low is now at key resistance levels, what's next? Are the key resistance levels holding down the pair is the upwards trend line?
PPandM's Blog
GBPJPY brakes resistance level
The pair continues to trade near the highs for the day but is currently testing key resistance levels at 147.60s. The pair is posting a solid run back up.
GBPJPY trades higher
GBP/JPY trades higher in the Asia session, lifting into 146.90s. The Sterling is catching a positive boost on the numbers as economic data for the UK begins to return to a positive swing.
GBPJPY in recovery mode
GBPJPY pair created a bullish hammer last week- I would say a signal for sharp recovery and the sell-off has ended. A sign of confirmation for a bullish reversal.
GPBJPY: weekly outlook for next week June 4th-8th
The British Pound recovered a little versus the Japanese Yen last week and strengthened against the US Dollar and the Euro on Friday. Ahead of the coming week significant events likely to affect the markets and the GBPJPY. Check this out:
Monday, June 4 - The UK is to release data on construction sector activity
Tuesday, June 5 - The UK is to produce data on service sector activity
Thursday, June 7 - The UK is to release industry data on house price inflation
Monday, June 4 - The UK is to release data on construction sector activity
Tuesday, June 5 - The UK is to produce data on service sector activity
Thursday, June 7 - The UK is to release industry data on house price inflation
Good luck next week, guys!
GBP time for Sterling bulls to wake Up!
Bulls have taken the lead as they broke above the key 146.50s. This Friday is the best daily advance since March 26. GBP/JPY bullish momentum is strong, buyers will likely set their eyes on 148.80 level.
GBPJPY rebounded off the at the 144.00s
In the big picture, the pair managed to break free and rebounded off the at the 144.00s this week. Currently, it climbed up to 146.00 and I am bullish beyond. In terms of downside that would be the 144.00 level to watch for any further extension lower.
GBPJPY on track: @149.50s
The GBPJPY is sinking in early Tokyo trading, touching into 148.75 as the Sterling continues to stumble against the Japanese Yen. The Japanese Yen picked up a bid in Asia. Hoovering @ 149.50s at the moment, but still on track to push higher.
GBPJPY begin to find support at 149.00s
The Sterling has been recovering against the Yen since May's low of 147.00s. The pair will begin to find support at 149.00s if the bull run is able to maintain a swing high near 152.50s. A correction down will need to clear near 147.00 before challenging short side.
GBPJPY levels to watch
The Sterling has been recovering against the Yen since May's low of 147.00s. The pair will begin to find support at 149.00s if the bull run is able to maintain a swing high near 152.50s. A correction down will need to clear near 147.00s before challenging the short side.