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GBPJPY


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GBPJPY keeps climbing higher, above the recent rectangle pattern GBPJPY bulls survived last week’s interventions by the BoJ Momentum indicators have turned bullish GBPJPY is recording its fifth consecutive green candle, most likely closing the week around 2% up from last Friday’s close. Despite the recent weak US labour market report, the yen has failed to maintain any momentum from last week’s double intervention by the BoJ, surrendering most of its gains.
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Technical Analysis – GBPJPY returns to pre-intervention levels

GBPJPY tries to record another red candle, well below its recent record high level The BoJ intervenes again since the Fed remains concerned about inflation Momentum indicators are mixed, stochastics acknowledge the bearish pressure GBPJPY is hovering around the busy 191.47-192.57 range and far below its new 16-year high of 200.50. The market is digesting the repeated BoJ interventions with the latest action most likely caused by the Fed’s unwillingness to open the door to rate c
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Besides yen pairs, neutral volatility across the board ahead of Fed and NFP – Volatility Watch

Japan’s intervention spurs volatility in yen pairs, usual action elsewhere in FX market Commodities enjoy lower volatility as geopolitical tensions subside Equities at neutral volatility levels during earnings season, Bitcoin volatility picks up Volatility in yen crosses has exploded on the back of a suspected Japanese intervention. Moreover, apart from dollar/yen, other dollar pairs are trading in the middle of their volatility range ahead of the Fed decision on Wednesday and
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Technical Analysis – GBPJPY close to a new 9-year high  

GBPJPY is in the green again today, a tad below its 9-year high The BoJ meeting failed to stop the yen’s underperformance; intervention threat lingers Momentum indicators are clearly on the GBPJPY bulls’ side GBPJPY is trading higher again today, recording its fourth consecutive green candle and preparing to test the June 24, 2015 high at 195.87. The market is digesting the BoJ meeting’s outcome, with the lack of hawkish rhetoric maintaining the underperformance of the ailin
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Slightly lower volatility across the board ahead of key US data – Volatility Watch

Lower volatility is on the cards for the FX market Gold to enjoy lower volatility; oil probably too quiet considering geopolitics Equities volatility remains elevated, especially in JP225 index Volatility in EUR/USD has eased up a bit but remains high amidst continued rhetoric for an ECB rate cut in June. Geopolitical events have also played a crucial role in maintaining volatility high in the remaining currencies, including the yen and pound crosses, with the former facin
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Technical Analysis – GBPJPY range trading continues

GBPJPY is in the red today, not far from its recent high It continues to hover inside a rectangle structure Momentum indicators are in waiting mode for the next key events GBPJPY is trading lower today as the market is digesting the latest developments in the Middle East and the lower Japanese inflation prints, and also prepares for next week’s BoJ meeting.
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Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch

Volatility remains extremely high across the FX spectrum Commodities volatility reaches new highs; Bitcoin poised for smaller moves Equities volatility is off the charts led by the S&P 500 and DAX 40 indices Volatility in EUR/USD remains very high as the pair recorded a decent weekly drop following the stronger US CPI data. Geopolitical events have also played a crucial role in pushing volatility higher in the remaining currencies, including the yen crosses, with the market n
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Will Friday’s data add to hopes of UK exit from recession? – Preview

Dovish BoE encourages more rate cut bets UK GDP for February expected to reveal slowdown The data comes out on Friday at 06:00 GMT Investors add to June rate cut bets after BoE decision With inflation in the UK coming down faster than previously expected, the Bank of England (BoE) appeared more dovish than expected at its latest gathering, on March 21. Once again, officials kept interest rates unchanged, but this time, there were no members voting for a hike.
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Technical Analysis – GBPJPY trades lower ahead of key market events

GBPJPY is in the red again today, not far from its recent high It has dropped below the January 2, 2024 ascending trendline Momentum indicators are in waiting mode for the next key market events GBPJPY is trading lower again today as the market is preparing for today’s US labour market report, which could play a key role in the Fed’s outlook.
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Technical Analysis – GBPJPY weakens near 191.00

GBPJPY remains above the rising trend line But technical oscillators are losing steam as well GBPJPY has been posting some flat days over the last four sessions, holding near the short-term uptrend line. The market is developing near the 191.00 round number with the technical oscillators confirming the weakening momentum. The RSI is moving horizontally above the neutral threshold of 50, while the MACD is holding beneath its trigger line above zero level.
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Technical Analysis – GBPJPY plummets from 8½-year high

GBPJPY may rest near 190.00 round number MACD and RSI confirm bearish retracement Broader outlook looks strongly bullish GBPJPY is retreating after the pullback off the eight-and-a-half-year high of 193.55 and is moving towards the short-term ascending trend line. According to technical oscillators, the RSI is heading south following the strong rally until the 70 level, while the MACD is losing some steam above its trigger and zero lines, both confirming the recent bearish correct
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Technical Analysis - Will GBPJPY enter territories last seen in 2015?

GBPJPY trades higher and hits resistance near 191.30 Remains in uptrend despite BoJ decision MACD and RSI detect positive momentum For the outlook to change, a dip below 187.95 may be needed GBPJPY traded higher yesterday, but hit resistance near the 191.30 barrier today, marked by the high of February 26, and pulled back somewhat. Even after the BoJ took interest rates out of negative territory and abandoned yield curve control, the pair remains in an uptrend as denoted by the
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Technical Analysis – Will GBPJPY rebound again?

GBPJPY breaks below key support area after new high Technical signs weaken, but 20-day EMA comes to the rescue again   GBPJPY extended its pullback from an eight-and-a-half-year high of 191.30 for the third consecutive day on Thursday to find support around the 20-day exponential moving average (EMA) at 189.50. The line had protected the market at the end of January, though with the pair having crossed below a short-term ascending trendline, the odds for a continuation lower might be l
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How does a UK recession affect the pound’s fate?

BoE maintains more hawkish stance than Fed, ECB Despite recession in H2 2023, rate cut bets were not altered January data suggests the economy may have turned a corner With general elections looming, what’s next for the pound? UK enters recession in H2 2023 Despite dropping its tightening bias at its February gathering, the Bank of England (BoE) maintained a more hawkish stance than the Fed and the ECB, pushing back against interest rate cuts.
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Technical Analysis – GBPJPY works towards uptrend resumption

GBPJPY surrounded by bullish vibes Could re-activate long-term uptrend Next resistance expected at 189.50   GBPJPY finally closed above the 188.25 region on Thursday, which had been keeping upside movements in control since mid-November, providing a ray of hope that the latest bullish race could pick up momentum. The focus is now on the 189.50 area, where the resistance line from August is placed, as the positive slope in the technical indicators is currently favouring the buye
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S&P 500 at all-time highs, expected to make bigger moves ahead – Volatility report

Volatility remains low across the FX spectrum with the exception of EUR/USD Gold volatility drops but silver remains at its midpoint; oil and Bitcoin set for small moves S&P 500 volatility rises significantly; remaining stock indices in calmer waters Volatility in EUR/USD has jumped as the pair recorded a sizeable correction last week following some key data releases.
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Technical Analysis – GBPJPY ticks up in BoE aftermath

GBPJPY pauses its slide from a fresh 8½-year high Broader long-term uptrend remains in place RSI and MACD soften but remain positive GBPJPY has been in a prolonged uptrend since early 2023, posting a fresh 8½-year high of 188.91 on January 19 before experiencing a setback. However, in the past couple of sessions, the pair managed to halt its decline in an attempt to move back higher towards its recent multi-year peak.
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Volatility Report – January 23, 2024

Volatility remains significantly low across the currency board Commodity markets seem quiet as well, oil exhibits more volatility than metals US indices in the middle of volatility range, JP225 and Bitcoin are rather hot The recent range-trading in most major currency pairs has caused their expected volatility to drop to relatively low levels.
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Technical Analysis – GBPJPY charts new high but with caution

GBPJPY loses momentum after charting new high Downside moves likely; resistance within 188.00-189.00 area   GBPJPY ascended almost vertically after touching its 200-day simple moving average (SMA) at the start of January, erasing its latest bearish wave to print a new higher high of 188.90 on Friday—the highest level since August 2015. The 188.00 round level remains a tough obstacle, as the technical indicators detect some skepticism among investors.
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Volatility Report – January 16, 2024

Volatility crashed across the FX spectrum including EUR/USD and JPY crosses Gold and Silver volatility drops; oil and Bitcoin set for sizeable moves Stock indices in turbulent waters, JP225 volatility records a new monthly high  The recent range-trading in EUR/USD has caused the expected volatility to drop to the lowest level of the past month, despite some key data releases.
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