GBP/JPY Price Prediction: Strengthening towards 198.50, positive outlook continues
GBP/JPY is expected to trade positively around 198.40 in the early European session on Friday. The outlook for this currency pair is optimistic, surpassing the significant 100-day EMA with bullish RSI indicators. Resistance levels are seen at 198.85, while the initial support level is 196.95. The GBP/JPY is poised to hold steady near 198.40 in […]
GBP/JPY Price Outlook: Maintains Breakout from Ascending Triangle
GBP/JPY reached nearly 197.35 after reconsidering a level of around 198.20, which had stood for almost six months. Falling oil prices have increased demand for the Japanese yen. Positive UK PMI data for June supports the British pound. The GBP/JPY currency pair slightly altered to near 197.35 during Tuesday’s European trading session, previously eyeing that […]
GBP/JPY Price Outlook: A break of short-term resistance may lead to a rise above 196.00.
The GBP/JPY has moved past the 20-day Simple Moving Average (SMA), with support established at 194.21. The relative strength index (RSI) is nearing 60, indicating that bullish momentum persists. A clear break above 195.00 could drive the price up to 196.00. The Japanese Yen (JPY) continues to decline against the British Pound (GBP) on Friday, […]
GBP/JPY Price Analysis: Finds support around nine-day EMA at 191.00 – FXStreet
GBP/JPY will test instant support on 9-day EMA at 191.00. The 14-day RSI is below 50 years old, with a bearish momentum increasing. Currency Cross can test immediate resistance at 14-day EMA on 191.17. GBP/JPY has been winning streak in three consecutive sessions, trading around 191.00 on Monday during European time. Daily chart analysis shows […]
GBP/JPY flat lines below 188.00; seems vulnerable ahead of BoE Governor Bailey's speech – FXStreet
GBP/JPY has struggled to take advantage of the modest overnight bounce from its lows a few months ago. The fear of Global Trade War benefits JPY's safe haven status and keeps the cross upswing. The Divergent Boj-Boe policy outlook supports further depreciation movement outlook. GBP/JPY Cross will find some support near the 187.40 area during […]
GBP/JPY sticks to gains around 191.00, bulls seem non committed amid Middle East tensions – FXStreet
GBP/JPY regained positive traction on Wednesday, but lacked follow-through buying. Uncertainty about the Bank of Japan's rate hike weakens the yen and provides some support to the cross. Geopolitical risks can help limit significant losses for the yen and limit further gains for the yen. The GBP/JPY cross attracted bullish buying during Wednesday's Asian session, […]
GBP/JPY falls to near 189.00 following the BoJ interest rates decision – FXStreet
GBP/JPY lost its upward momentum after the Bank of Japan's interest rate decision was announced. The Bank of Japan decided at its meeting on Friday to keep current interest rates unchanged at 0.15%. Policymakers are awaiting UK retail sales data for August to gain further insight into how the UK economy is performing. GBP/JPY ended […]