GBP/JPY Signaling Bullish Continuation Above 146.00

Key Highlights The British Pound traded higher recently and broke the 145.00 resistance against the Japanese Yen.GBP/JPY broke a connecting bearish trend line with resistance at 144.90 on the 4-hours chart.The US ADP Employment in April 2019 changed 275K, better than the 180K forecast.Today, the BoE Interest Rate Decision is scheduled in the UK (forecast – no change from ...
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GBP/JPY Remains Supported On Dips Near 145.60

Key Highlights The British Pound traded higher recently and tested 147.00 against the Japanese Yen.GBP/JPY surpassed two key bearish trend lines near 145.90 on the 4-hours chart.The UK Claimant Count in March 2019 changed 28.3K, more than the 20.0K forecast.The UK Consumer Price Index in March 2019 (YoY) could increase 2.0%. GBPJPY Technical Analysis The British Pound...
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GBP/JPY Signaling Bullish Continuation Above 147.00

Key Highlights The British Pound recovered and broke the 146.40 resistance against the Japanese Yen.GBP/JPY cleared a crucial bearish trend line with resistance at 145.80 on the 4-hours chart.The UK Construction PMI in March 2019 increased from 49.5 to 49.7.The UK Services PMI for March 2019 is likely to decline from 51.3 to 50.9. GBPJPY Technical Analysis This past w...
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GBP/JPY Could Struggle To Surpass 143.50

Key Highlights The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen. There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY. The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast. Today, the US Consumer Price Index for Nov 2018 will be released,...
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GBP/JPY Could Continue Higher Towards 149.50

Key Highlights The British Pound recovered recently and moved above the 146.50 resistance against the Japanese Yen. There was a break above two bearish trend lines with resistance at 145.60 and 146.90 on the 4-hours chart of GBP/JPY. The UK BRC Like-For-Like Retail Sales in Oct 2018 increased 1.3% (YoY). Today, the UK Halifax House Price Index for Oct 2018 will be...
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GBP/JPY Could Extend Slides Below 147.00

Key Highlights The British Pound failed to break the 148.40 resistance and declined against the Japanese Yen. There is a major bearish trend line in place with resistance at 148.30 on the 4-hours chart of GBP/JPY. Japan’s Merchandise Trade Balance in Sep 2018 posted a surplus of ¥139.6B, better than the ¥-50.0B forecast. Today, the UK Retail Sales figure for S...
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GBP/JPY Remains Bearish, Could Break 140.00

Key Highlights The British Pound declined heavily and broke the 142.40 support against the Japanese Yen. There is a major bearish trend line formed with resistance at 141.70 on the 4-hours chart of GBP/JPY. The pair remains at a risk of a break below the 140.20 and 140.00 support levels. Today, the UK Retail Sales figure for July 2018 will be released, which is fo...
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GBP/JPY Upsides Remain Capped By 146.00

Key Highlights The British Pound declined recently and settled below a major support at 146.20 against the Japanese Yen. There is a key bearish trend line in place with resistance at 146.90 on the 4-hours chart of GBP/JPY. Recently in the UK, the CBI Industrial Trends Index increased from -3 to 13 in June 2018. Today in the UK, the BOE interest rate decision is li...
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GBP/JPY Could Gain Further, BOE’s Rate Decision Next

Key Highlights The British Pound found support near 147.00 and recovered sharply against the Japanese Yen. There was a break above a key bearish trend line with resistance at 148.20 on the 4-hour chart of GBP/JPY. Japan’s Current Account posted a trade surplus of ¥3,122.3B in March 2018, compared with the ¥3,009.2B forecast. Today, the BOE Interest Rate Decisi...
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Can GBP/JPY Hold This Crucial Support?

Key Highlights The British Pound corrected lower from 150.58 but it found support near 148.80 against the Japanese Yen. There is a significant ascending channel forming with support near 148.80 on the 4-hours chart of GBP/JPY. The pair remains in an uptrend as long as it is above the 148.80 support. Today, the UK Manufacturing PMI for March 2018 will be released, ...
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