International Business Times

GBP/JPY Forecast

Forex - GBP/JPY Technical Analysis (British Pound / Yen)

The pair GBP/JPY made yesterday a new pullback on 130.50 and then got back below the support at 130.15. Indicators are globaly bearish. We continue to advise short positions as far as 130.50 is resistance. The breakout of 129.50 will give a new sell signal and open the way towards 128.85. In case of return above 130.50, we will be neutral between this level and 131.

May 04, 2012 | Forextribe

GBPJPY: Follows through Lower, Bears Target The 126.53 Level

With GBPJPY selling off and following through lower on the back of its Friday losses, the risk is for it to weaken further towards its key support located at the 126.53 level. Further down, support lies at the 125.45 level followed by the 124.50 level and then the 122.02 level, its Jan 25'2012 high. Its daily RSI is bearish and pointing lower suggesting further declines.

By Mohammed Isah | May 04, 2012 | FX Tech Strategy

GBPJPY: Hesitates, Remains Vulnerable

The cross's upside attempt is now failing and with its broader downside bias remaining intact, further decline is likely. This will turn attention to the 128.76 level with a cut through here calling for a run at the 127.08 level/the 126.53 level thereby annulling its present strength. Further down, support lies at the 125.45 level followed by the 124.50 level and then the 122.

By Mohammed Isah | May 02, 2012 | FX Tech Strategy

Forex - GBP/JPY Technical Analysis (British Pound / Yen)

The pair GBP/JPY has rebounded yesterday on the support at 129.50 and is currently testing a pullback on 130.50. Indicators are mitigated. We continue to advise short positions as far as 130.50 is resistance. The breakout of 129.50 will give a new sell signal and open the way towards 128.85. In case of return above 130.50, we will be neutral between this level and 131.

May 02, 2012 | Forextribe

Forex - GBP/JPY Technical Analysis (British Pound / Yen)

The pair GBP/JPY has broken yesterday the support at 130.15, giving us a sell signal. All indicators are bearish. We continue to advise short positions as far as 130.50 is resistance. The breakout of 128.85 will give a new sell signal and open the way towards 127.70. In case of return above 130.50, we will be neutral between this level and 131. The breakout of 131 will give a new buy signal.

May 01, 2012 | Forextribe

GBP/JPY Breaking Below Range Support

The 1H GBP/JPY chart shows a market that has been trading sideways in a range. The resistance is roughly 131.80 and the support is near 130.20. The 131.00 level is seen as the central pivot and reflects the "fair" or "neutral" price within the range. As we begin the 4/30 US trading session, the market has broke below the range support, the 130.00 handle and cracked the 129.

By Fan Yang | May 01, 2012 | FX Times

Forex - GBP/JPY Technical Analysis (British Pound / Yen)

The pair GBP/JPY has failed the break the resistance at 131.79 last friday and is now moving towards a test of the support at 130.15. Indicators are globaly bearish. We continue to advise long positions as far as 130.15 is support. The breakout of 131.79 will give a new buy signal and open the way towards 133.15. In case of return below 130.15, we will then advise short positions.

Apr 30, 2012 | Forextribe

GBP/JPY to Test a Short-term Consolidation Pattern Support ahead of BoJ

The 1H GBP/JPY chart shows the market trading in a sideways manner. It could be a symmetrical triangle, but the market broke through the declining resistance and hit the 131.80 high, making it a possible ascending triangle as well. Whatever the resistance, the support seems to be clearly in the form of a rising trendline so far since the 4/23 low of 130.17.

By Fan Yang | Apr 26, 2012 | FX Times

Forex - GBP/JPY Technical Analysis (British Pound / Yen)

The pair GBP/JPY continues to move above the support at 131.21. All indicators are bullish. We continue to advise long positions as far as 130.15 is support. The breakout of 132.23 will give a new buy signal and open the way towards 133. In case of return below 130.15, we will then advise short positions.

Apr 26, 2012 | Forextribe

GBPJPY: Follows through Lower, Bears Target The 126.53 Level

With GBPJPY selling off and following through lower on the back of its Friday losses, the risk is for it to weaken further towards its key support located at the 126.53 level.

By Mohammed Isah | Apr 25, 2012 | FX Tech Strategy

Forex - GBP/JPY Technical Analysis (British Pound / Yen)

The pair GBP/JPY took up yesterday its bullish movement and got back above 131.21, comforting our bullish feeling. All indicators are bullish. We continue to advise long positions as far as 130.15 is support. The breakout of 132.23 will give a new buy signal and open the way towards 133. In case of return below 130.15, we will wait the breakout of 129.59 to advise short positions.

Apr 25, 2012 | Forextribe

Forex - GBP/JPY Technical Analysis (British Pound / Yen)

The pair GBP/JPY has continued its bullish rally and is currently testing the resistance at 131.21. All indicators are bullish. We continue to advise long positions as far as 129.50 is support. The breakout of 131.21 will give a new buy signal and open the way towards 132.23. In case of return below 129.50, we will wait the breakout of 129 to advise short positions.

Apr 20, 2012 | Forextribe

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