TAG: GBP/JPY
GBP/JPY Forex Signal: British Pound Tests Big Figure Against Japanese Yen
Potential Signal:At this point, if we can get a daily close above the ¥190 level, I will be willing to throw a little bit of money into this market.I would keep the position size small, and I would have my stop loss at the ¥188 level. The target would be...
2 months ago
GBP/JPY Forecast: Upward Pressure Against Yen
The British pound has initially fallen against the Japanese yen in the early hours on Wednesday, only to turn around and show signs of life again.When I look at the pair, the first thing that I notice in my daily analysis is that the 190 yen level continu...
2 months ago
GBP/JPY Forecast: Breaks Above ¥190, Eyes Further Gains
The daily analysis of the GBP/JPY shows that we have had a major break out to the upside, as we have cleared the crucial ¥190 level.This is an area that I think continues to attract a lot of attention due to the fact that it is a large round psychological...
2 months ago
GBP/JPY Forex Signal: British Pound Pulled Back Against Yen Only to Find Support
Potential signal:I am a buyer of this pair on a daily close above the ¥192.42 level.If we can break above there, then I would have a stop loss at the ¥190 level and would aim for a move to the ¥195.45 level.The British pound has fallen a bit during the ea...
1 month ago
GBP/JPY Forecast: Continues to See Volatility
The British pound has gone back and forth during the course of the trading session here on Monday as we continue to dance around the 190 yen level.The 190 yen level of course is a large round figure that a lot of people will pay attention to but it's not...
1 month ago
GBP/JPY Forex Signal: Testing 200-Day EMA Resistance
Potential SignalI am a buyer of this pair on a daily close above the 200-Day EMA.I would put a stop loss at the 189.80 level and would use half the normal position.I would be aiming for the ¥196 level.In my daily GBP/JPY analysis, the first thing I notice...
1 month ago
GBP/JPY Forecast: British Pound Slams Into 200 Day EMA Against Japanese Yen
I can see that we initially tried to reach the 200-Day EMA and break above it.However, we have failed from there and it looks like we are going to continue to be very noisy overall. If that’s going to be the case, then I think you’ve got a situation where...
1 month ago
GBP/JPY Forex Signal: British Pound Pulled Back Against Yen at Major Indicator
Potential Signal:I would buy the GBP/JPY pair at the ¥192.20 level, with a stop loss at the ¥189.90 level.I would be aiming for the ¥196 level.This asset has pulled back from a significant technical indicator in the form of the 200-Day EMA, and I think at...
1 month ago
Pairs in Focus - Gold, USD/JPY, WTI Crude Oil, Silver, DAX, EUR/USD, USD/CAD, GBP/JPY
GoldGold markets initially tried to rally during the course of the week, but then turned around to show signs of weakness. By doing so, it looks like the market is a little stretched, but quite frankly I think this is a situation where we have had a lot o...
1 month ago
GBP/JPY Forecast: Volatile, Eyes Key 185 Support
We initially tried to rally during the early hours on Tuesday in the British pound against the Japanese yen, but then fell off of a cliff as we continue to see erratic and spastic behavior time and time again.That being said, I think you also have a situa...
1 month ago
GBP/JPY Forecast: Holds Support at ¥185
In my daily analysis of the Forex world, the GBP/JPY pair has caught my attention.All things being equal, this is a pair that is highly sensitive to risk appetite, and therefore you need to pay close attention to the market in general, as the ¥185 level i...
1 month ago