Tag: GBPJPY

GBPJPY | Pound Attempts a Recovery | 11.08.2015

GBPJPY Technical Analysis

Talking Points :  GBPJPY Technical Analysis : Flat  Support: 193.47, 192.19, 191.32  Resistance: 194.39, 195.89, 197.10 The British Pound is attempting to recover after declining following the formation of a Bearish Engulfing candlestick pattern. Near-term resistance is at 194.39, the 23.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the […]

GBPJPY | Support Now Below 192.00 | 10.08.2015

GBPJPY Technical Analysis

Talking Points : GBPJPY Technical Analysis : Flat Support: 191.32, 190.11, 188.90 Resistance: 192.82, 195.82, 197.41 The British Pound declined against the Japanese Yen as expected after putting in a Bearish Engulfing candlestick pattern. A daily close below the 38.2% Fibonacci retracement at 191.32 exposes the 50% level at 190.11. Alternatively, a reversal above the […]

GBP/JPY | Still Waiting for Direction Cues | 04.08.2015

GBP/JPY Technical Analysis 04.08.2015

Talking Points : GBP/JPY Technical Analysis: Flat Support: 193.21, 192.37, 191.00 Resistance: 193.53, 194.58, 195.82 The British Pound is testing resistance capping gains since mid-June having rallied to the highest level in a month against the Japanese Yen. A daily close above trend line resistance at 193.53 exposes the 38.2% Fibonacci expansion at 194.58. Alternatively, […]

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