GBP/JPY Testing Significant Resistance Level at 134.25
February 14, 2011 7:30 am by Greg HoldenThe British pound is once more pushing towards its significant resistance level against the Japanese yen at 134.25. The pair has tested this price barrier twice before over the previous five months, failing to breach both times.
GBP/JPY Continuing 6-Month Bearish Channel
January 20, 2011 8:00 am by Greg HoldenThe long-term trading pattern on the GBP/JPY appears to reveal a distinctive bearish channel over the past six months.
GBP/JPY Cross Fibonacci 76.4% Resistance Level, Aims 134.00
January 18, 2011 10:36 am by Yan PettersFollowing the better than expected end result of the British Consumer Price Index (CPI), the British pound strengthened against most of its major currency rivals. As a result, the GBP/JPY pair climbed about 70 pips within 20 minutes, and is ...
GBP/JPY Looks to Correct Gains
November 16, 2010 1:23 pm by Yan PettersThe GBP/JPY pair recently saw an extraordinary bullish trend, gaining almost 700 pips and peaking at the 133.77 level. However, the pair saw several failed attempts to reach to the 134.00 level, and a bearish correction appears to be imminent.
Flag Pattern Indicates GBP/JPY Might Rise Further
August 6, 2010 9:20 am by Yan PettersThe GBP/JPY pair saw a sharp bullish movement during the past couple of weeks. Over this time period the pair gained over 700 pips, and soared from the 131.00 level to the 137.50 level. Currently, the pair is trading near ...
GBP/JPY Ascending Triangle Trade
July 15, 2010 10:32 am by Russell GlaserThe pair has been consolidating over the past 6 weeks while forming a chart pattern that looks to break to the downside in a continuation with the long term trend.
JPY Dives on Kan’s Defeat in Japanese Election
July 12, 2010 5:12 am by Greg HoldenHeadline news this weekend has been the defeat of the ruling party in Japan in recent elections. The USD/JPY and EUR/JPY pairs both slipped to fresh highs as a result. Whether or not the yen will continue to fall is ...
Potential Reversal for GBP/JPY
April 1, 2010 10:48 am by Anton EljwizatThe sustained upward movement of the GBP/JPY pair doesn’t seem to be receiving much resistance lately. As I will demonstrate below, the price of GBP/JPY may very well be heading for a correction, and it might have the potential of ...
Technical Indicators Show: GBP/JPY About To Tumble
March 19, 2010 12:49 pm by Yan PettersFor the past 6 months, the GBP/JPY cross has dropped constantly, eventually reaching a year low at the rate of 132.02. However, promptly after falling so far, the pair began to correct upwards, and has reached the 139.35 level two ...
GBP/JPY Reversal in the Works
March 3, 2010 10:10 am by Anton EljwizatThe GBP/JPY has recorded much bearish behavior in the past 2 weeks. However, the technical data indicates that this trend may reverse anytime soon. For example as described below, the daily chart’s signals that a bullish reversal is imminent. This ...
