Tag Archive: GBP/JPY

Great Graphic: Views Distill to Short Sterling Long Yen Opportunity

2019-09-24

by

2019-09-24

GBP/JPY, March-September 2019
We have argued that the road to an orderly Brexit remains arduous and that sterling had entered an important technical area ($1.2500-$1.2530).  At the same time, see the dollar as having approached the upper end of its broad trading range against the yen.  One of the important drivers lifting the dollar was the dramatic rise in US yields. 

Read More »

Weekly Technical Analysis: 04/06/2018 – USD/CHF, EUR/JPY, GBP/USD, AUD/USD, WTI

2018-06-06

by

2018-06-06

USD/CHF, June 06
The USDCHF pair managed to break 0.9850 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to head towards 0.9723 level as a next station, noting that the EMA50 supports the expected decline, which will remain valid for today conditioned by the price stability below 0.9870.

Read More »

Weekly Technical Analysis: 21/05/2018 – USD/JPY, EUR/USD, GBP/JPY, USD/CAD, USD/CHF

2018-05-22

by

2018-05-22

USD/CHF, May 15
The USDCHF pair reaches the key support 0.9955 now, and as we mentioned in our last report, breaking this level will confirm completing the double top pattern that appears on the chart, to rally towards our negative targets that begin at 0.9900 and extend to 0.9850. Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50, unless the price managed to rally upwards to breach 1.0055 level and...

Read More »

Weekly Technical Analysis: 26/03/2018 – USD/JPY, EUR/USD, GBP/USD, AUD/JPY, GBP/JPY, USD/CHF

2018-03-27

by

2018-03-27

USD/CHF, March 27
The USDCHF pair provided negative trades after 0.9488 proved its strength against the recent positive attempts, to keep the bearish trend scenario valid efficiently in the upcoming period, supported by the EMA50 that pushes negatively on the price, waiting to test 0.9373 initially.

Read More »

Weekly Technical Analysis: 29/01/2018 – USDJPY, EURUSD, GBPUSD, GBPJPY

2018-01-30

by

2018-01-30

USD/CHF, January 22
The USDCHF pair shows some bullish bias to approach retesting the previously broken support that turns into key resistance now at 0.9418, noticing that stochastic loses its bullish momentum clearly to reach the overbought areas, while the EMA50 forms continuous negative pressure against the price.

Read More »