Posts Tagged ‘GBPJPY’
I’ve never seen one so big, but it’s been 3 years in the making and could mean further weakening of the GBP against the Yen if this pattern is ever realised. As seen in the following long-term chart there is much support around the 120.00 mark, however, if this were ever broken it could mean [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Wednesday (11/10/2010) has tentatively broken out above a key parallel downtrend channel that has been in place since the 2009 highs that were hit in August 2009 around the 163.00 price region. In breaking out above the current [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Wednesday (11/03/2010) has risen to approach a key resistance confluence. This confluence consists of the important 132.00 support/resistance level and the long-term downtrend resistance line (part of a parallel downtrend channel) extending from the August 2009 high. For more technical analysis on [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Monday (10/25/2010) has just established a new 20-month low by breaking down tentatively below the previous long-term low of 126.70 set in May. This occurs within the context of a strong parallel downtrend channel extending back to the August 2009 high. For [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Monday (10/25/2010) has just established a new 20-month low by breaking down tentatively below the previous long-term low of 126.70 set in May. This occurs within the context of a strong parallel downtrend channel extending back to the August 2009 high. For [...]
By Anton Eljwizat – The GBP has dropped significantly versus the JPY in the past 2 months, and it is currently traded around 127.40. And now as evident in the data below, the daily chart is giving bullish signals, indicating that GBP/JPY pair might go up. Forex traders can take advantage [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Friday (9/17/2010) has retraced back up to the top resistance border of a key parallel downtrend channel extending back to the 2009 high, on the heels of this week’s yen intervention. This bullish retracement occurs after price was displaying bearishness off a [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Monday (8/30/2010) has pulled back up to the lower border of the large rising wedge formation that it broke down last week, before reasserting its bearish stance today. The low that was reached on the wedge breakdown before pullback was in the [...]
Price action on GBP/JPY, a daily chart of which is shown, has been following an uptrend support line extending from the 15-month low hit in late May. This uptrend line represents a bullish correction within the context of a strong downtrend channel that began in August 2009. For more technical analysis on this currency pair, [...]
Price action on GBP/JPY, a daily chart of which is shown, has been following a leg of a long-term overall downtrend for about a year now. This downtrend leg is framed by a rough parallel downtrend channel. Recently, within the context of this downtrend channel, price has been in the process of making a bullish [...]
