GBPJPY

post-image

Technical Analysis – GBPJPY pauses near 23.6% Fibo; lacks direction

Posted on September 30, 2020 at 8:05 am GMT

GBPJPY has paused the downside movement at the 23.6% Fibonacci retracement level of the down leg from 142.70 to 133.00 at 135.32 in the very short-term. The MACD oscillator dipped below its trigger line in the positive zone, while the RSI is slipping above the 50 level. However, the 20- and 40-period simple moving averages (SMAs) completed a bullish crossover, acting as strong support for the bulls. A rebound on the 23.6% Fibo of 135.32 could take the price until [..]

post-image

Technical Analysis – GBPJPY pulls back after tumble below rising trend line

Posted on September 25, 2020 at 6:50 am GMT

GBPJPY is continuing the rebound off the 132.95 support level but with slower momentum, reaching the red Tenkan-sen line at 134.72. The very short-term bias looks positive as the stochastic keeps gaining ground above its oversold zone, creating a bullish crossover within its %K and %D lines, while the RSI is flattening near the 30 level. The 100-day simple moving average (SMA) currently at 135.72 could be a trigger point for steeper bullish actions. If the pair manages to break the lower [..]

post-image

Technical Analysis – GBPJPY slowing near 3-month lows; negative bearing intact

Posted on September 23, 2020 at 12:18 pm GMT

GBPJPY appears to have stalled its bearish trajectory ahead of the 132.93 border from July 1. The pause in the pair’s descent is also reflected in the short-term oscillators and the easing of the slopes of the negatively charged Ichimoku lines. The technical indicators are skewed to the downside despite displaying a slight improvement in momentum. The MACD, far below zero, has pushed above its red trigger line, while the RSI is pointing upwards after a bounce on the 30 [..]

post-image

Technical Analysis – GBPJPY trapped below 136.00; short-term bias bearish

Posted on September 18, 2020 at 7:41 am GMT

GBPJPY gathered enough support around 134.55 and a former resistance trendline on Thursday to continue the intense battle with the 136.00 ceiling where the bottom of the Ichimoku cloud and the 38.2% Fibonacci retracement of the March rally coincide. The short-term bias, however, remains largely bearish as the red Tenkan-sen line maintains a negative slope below the blue Kijun-sen line. Also, the MACD continues to lose ground below its zero and signal lines, while the RSI seems unable to regain strength towards [..]

post-image

Technical Analysis – GBPJPY jumps higher, but still negative in near term

Posted on September 16, 2020 at 1:23 pm GMT

GBPJPY is advancing above the 20-period simple moving average (SMA) in the 4-hour chart, moving towards the significant 136.62 resistance level. The technical indicators are endorsing the recent upside run, with the MACD gaining ground above its trigger line and the RSI pointing north. An extension above the 136.62 key level could meet the area between the 23.6% Fibonacci retracement level of the down leg from 142.70 to 136.38 at 137.10 ahead of the 40-period SMA at 137.53. Further up, resistance [..]

post-image

Technical Analysis – GBPJPY locates foothold, stalling sell-off at 100-day SMA

Posted on September 11, 2020 at 8:29 am GMT

GBPJPY has discovered strong support from the 100-day simple moving average (SMA) of 135.54, located at the Ichimoku cloud’s lower boundary. The falling Ichimoku lines are backing the plunge in the price, while the 50- and 100-day SMAs aim to restore the pair in positive ground. The short-term oscillators are also displaying conflicting signals in momentum, hinting that price may shift into a sideways market for a while. The MACD is extending its dip under its red signal line, below [..]

post-image

Technical Analysis – GBPJPY plummets below SMAs; positive promise forming  

Posted on September 9, 2020 at 3:54 pm GMT

GBPJPY seems to be developing some potential from the 136.61 to 136.73 section after an eight-day plunge from a six-month peak of 142.70. The bearish Ichimoku lines and the dip in the 50-period simple moving average (SMA) are backing further deterioration in the pair, below the 200-period SMA. Nonetheless, the short-term oscillators are displaying improvements in positive momentum. The MACD, in the negative region, is below its red trigger line but looks set to return above it, while the rising [..]

post-image

Technical Analysis – GBPJPY plummets below SMAs; promise forming  

Posted on September 9, 2020 at 3:27 pm GMT

GBPJPY seems to be developing some potential from the 136.61 to 136.73 section after an eight day plunge from a six-month peak of 142.70. The bearish Ichimoku lines and the dip in the 50-period simple moving average (SMA) are backing further deterioration in the pair, below the 200-period SMA. Nonetheless, the short-term oscillators are displaying improvements in positive momentum. The MACD, in the negative region, is below its red trigger line but looks set to return above it, while the [..]

post-image

Technical Analysis – GBPJPY spikes to fresh 6-month high but retreats

Posted on September 4, 2020 at 6:51 am GMT

GBPJPY has been developing in an ascending movement since March 18, reaching a fresh six-month high of 142.70, returning lower, suggesting a downside retracement in the daily timeframe. The pair is hovering above the short- and medium-term simple moving averages (SMAs), though the momentum indicators are heading south. The RSI pulled back from the overbought zone and is flattening, while the stochastic is approaching the 20 region. Should bearish dynamics dominate in the very short-term, the market might revisit the [..]

post-image

Technical Analysis – GBPJPY tumbles from 6-month high; positive momentum feeble in short term

Posted on September 2, 2020 at 9:11 am GMT

GBPJPY is retreating after finding significant resistance at the six-month high of 142.70 and is now heading towards the 20-period simple moving average (SMA) at 141.30 in the 4-hour chart. The momentum indicators provide negative signals as the MACD oscillator is losing ground after completing a bearish crossover with its trigger line in the positive zone, while the RSI is pointing south after the pullback in the overbought territory. In the light of negative pressures, a tough support could initially develop near the 23.6% Fibonacci retracement level of the up leg from 134.00 to 142.70 at [..]

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.