02 May, 2019 by Aayush Jindal in Market Analysis
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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Tags: BOE Interest Rate DecisionBritish PoundGBPJPY Technical AnalysisUS dollar
17 April, 2019 by Aayush Jindal in Market Analysis
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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Tags: British PoundGBPJPY Technical AnalysisJapanese yenUK Claimant Count ChangeUK Consumer Price IndexUK CPI
03 April, 2019 by Aayush Jindal in Market Analysis
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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Tags: British PoundGBPJPY Technical AnalysisUK Services PMIUS dollar
12 December, 2018 by Aayush Jindal in Market Analysis
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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Tags: British PoundGBPJPY Technical AnalysisJapanese yenUK Claimant ChangeUS Consumer Price IndexUS CPI
07 November, 2018 by Aayush Jindal in Market Analysis
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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Tags: British PoundGBPJPY Technical AnalysisJapanese yenUK Halifax House Price Index
18 October, 2018 by Aayush Jindal in Market Analysis
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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Tags: British PoundGBPJPY Technical AnalysisJapanese Merchandise Trade BalanceJapanese yen
16 August, 2018 by Aayush Jindal in Market Analysis
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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Tags: British PoundGBPJPY Technical AnalysisJapanese yenUK Retail Sales
21 June, 2018 by Aayush Jindal in Market Analysis
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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Tags: BOE Interest Rate DecisionBritish PoundGBPJPY Technical AnalysisJapanese yen
10 May, 2018 by Aayush Jindal in Market Analysis
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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Tags: BOE Interest Rate DecisionBritish PoundGBPJPY Technical AnalysisJapanese yenUK Industrial ProductionUS Consumer Price Index
03 April, 2018 by Aayush Jindal in Market Analysis
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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Tags: British PoundGBPJPY Technical AnalysisJapanese yenUK Manufacturing PMI
