GBPJPY – Can Pound Continue Higher?

GBPJPY – Can Pound Continue Higher? Key Highlights             British Pound showed some signs of life and corrected higher against the Japanese Yen. The GBPJPY pair is currently trading near a bearish trend line on the hourly chart, which may play a crucial role moving ahead. Today, the UK Retail Sales will be released by the National Statistics, which ...
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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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Fed Interest Rate Decision Aftermath and Analysis on GBPJPY

Key Highlights British Pound suffered losses recently not only against the US Dollar, but also against the Japanese Yen. GBPJPY pair traded lower and looks set for more losses as there are many hurdles on the way up for the pair. In New Zealand, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand in which the central bank made no changes in ...
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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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GBPJPY – Make it or Break it for British Pound?

Key Highlights British Pound after declining towards 180.40 against the Japanese Yen found support. GBPJPY is currently trading higher and approaching towards a major swing area. UK British Retail Consortium (BRC) Shop Price Index released during the Asian session posted a decline of 1.4% in August 2015, compared with the preceding month. Australian Home Loans release...
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GBPJPY – More Upsides Likely Post JPN Securities Investment

Key Highlights British Pound traded higher against the Japanese Yen, and looks set for more gains moving ahead. Japanese Securities investment, released by Ministry of Finance posted a reading of ¥119.8B, up from the last revised reading of ¥-26.2B. Moreover, the Japanese Foreign investment in Japan stocks came in at ¥-2.8B. In Australian, the Employment Change rel...
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GBPJPY – Critical Juncture Post JPN Industrial Production

Key Highlights British Pound surged higher against the Japanese Yen, but it found resistance around a major resistance zone. Japanese Industrial Production released by the Ministry of Economy, Trade and Industry declined by 2.1% in May 2015, compared with the preceding month. Japanese Capacity Utilization also posted a decline by 3% in May, which was also below the for...
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GBPJPY Climbed Higher– 190.00 is Significant Resistance

Key Highlights British Pound climbed higher against the Japanese Yen, but facing an uphill task around 190.00. UK Consumer Credit report will be released by the Bank of England, which can cause swing moves in GBPUSD and GBPJPY. In New Zealand, the Terms of Trade Index released by the Statistics New Zealand posted an increase of 1.5% in Q1 versus 1.7% forecast. GBPJPY...
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Risk of Break Lower Grows In GBPJPY

Key Highlights British Pound managed to clear the 180.00 resistance area against the Japanese yen, but it looks like struggling to hold gains. GBPJPY is trading around an important support area and if it is breached more losses are possible. Today, the UK CBI Industrial Trends Survey will be released by the Confederation of British Industry i.e. expected to increase fro...
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GBPJPY Testing Critical Support Area

Key Highlights British pound surged higher against the Japanese yen, but stalled around 178.00 area. GBPJPY is correcting lower, and approaching a monster support area where buyers might appear. Japanese Consumer Confidence released by the Cabinet Office posted a minor increase from the last reading of 40.9 to 41.7 in March 2015. Japanese Consumer Confidence Earli...
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