GBPJPY – British Pound Looking For Momentum Vs Yen

GBPJPY – British Pound Looking For Momentum Vs Yen Key Highlights The British Pound gained traction near 126.00 against the Japanese yen, and traded higher. There was a major triangle pattern on the 4-hours chart of GBPJPY, which is broken to clear the way for more upsides. Today, the UK Claimant Change figure will be released by the National Statistics, which is ...
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GBPUSD – Can British Pound Recover From Recent Losses?

GBPUSD – Can British Pound Recover From Recent Losses? Key Highlights The British Pound faced a lot of selling pressure lately versus the US Dollar for a decline below 1.2400. There is a major bearish trend line formed on the hourly chart of GBPUSD, acting as a resistance near 1.2280-1.2300. Today, the UK RICS Housing Price Balance survey released by the Royal Ins...
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GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar

GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar Key Highlights The British Pound declined heavily recently not only against the US dollar, but faced sellers against the Japanese yen as well. There are two bearish trend lines formed on the 4-hours chart of the GBPJPY pair, which may act as a resistance in the short term. The GBPUSD pair also remains ...
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GBPJPY – British Pound Poised for Continued Weakness

Key Highlights The British Pound after failing to break 139.00 versus the Japanese yen started a downward trend. There is a bearish trend line on the 4-hours chart of GBPJPY, which is pushing the pair down. Today, the BoJ Monetary Policy Meeting Minutes were published by the Bank of Japan. The impact was not much on the Japanese yen, as the currency remained in a ...
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GBPJPY – British Pound Looks Set To Gain Further Pace

GBPJPY – British Pound Looks Set To Gain Further Pace Key Highlights The British Pound traded higher recently versus the Japanese yen and may continue to gain pace. There is a crucial ascending channel pattern formed on the 4-hours chart of the GBPJPY pair, which is helping buyers. The Japanese Industrial Production preliminary report was released by the Ministry ...
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GBPJPY – Risk of More Losses Remain

GBPJPY – Risk of More Losses Remain Key Highlights             British Pound continued to struggle not only against the US Dollar but also against the Japanese Yen. There is a major bearish trend line formed on the 4-hours chart of GBPJPY, which is acting as a barrier for buyers. In the UK, the GfK Group Consumer Confidence posted a minor increase from t...
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GBPUSD Closing In Towards a Major Resistance Area

GBPUSD Closing In Towards a Major Resistance Area Key Highlights             British Pound tested the 1.5000 support area against the US dollar and bounced back sharply. The GBPUSD pair recovered well, and currently trading near a major resistance area of 1.5100. In China, the NBS Manufacturing Purchasing Managers Index (PMI) released by the China Federati...
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GBPCHF Next Leg Lower Underway?

Key Highlights British Pound managed to gain bids against the Swiss Franc, which as a result took the GBPCHF pair higher. A bearish trend line on the hourly chart was broken by buyers to set the pace for more upsides. In Australia, the National Australia Bank Business Confidence posted a decline from the last reading of 4 to 0 in Q2 2015. GBPCHF Technical Analysis ...
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GBPJPY – 184.00-20 Is Significant Barrier

Key Highlights British Pound traded lower against the Japanese Yen and it looks set for more losses moving ahead. GBPJPY cleared a major support area, which ignited a major downside move. There are a couple of releases lined up in the UK, including the Consumer Credit which will be reported by the Bank of England. GBPJPY Technical Analysis The British Pound strugg...
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GBPUSD – Pound at Potentially Significant Downside Risk

Key Highlights British Pound recently cleared an important support area against the US Dollar, creating a risk for a downside move. 5450 can act as a resistance for GBPUSD if the pair moves higher from the current levels. There is a major release today in the UK, as the Consumer Price Index will be reported by the National Statistics, i.e. expected to register no change...
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