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gbpjpy

GBPJPY, H4 | Potential Short-term Bullish Bounce

Type: Bullish BounceKey Levels:Resistance:151.666Pivot: 148.962Support: 148.148Preferred Case:Price is abiding to the descending trendline resistance signifying bearish momentum. However, we can...

Market Spotlight: GBPJPY Threatens To Break Lower

GBJPY Sitting On Major Support LevelThe recent sell off in GBJPY has seen the market collapsing from the October highs around 157.88 to current lows around 149.39. Price is now sitting on a major band...

UK PMIs Put Focus Back On BOE

BOE In FocusThe latest round of UK data released today has thrown a spanner in the works once again for those attempting to gauge the BOE’s next steps. The October flash services and manufacturing...

Market Spotlight: GBPJPY Short Target Hit

GBPJPY Rolls OverThe recent GBPJPY head and shoulders trade has seen price breaking down to hit the target at 149.39. Both MACD and RSI are bearish here suggesting there is room for further downside....

BOE Outlines Path For "Modest Tightening"

BOE Unchanged in AugustThe British Pound has been trading higher over the last 24 hours following the August Bank of England meeting held yesterday. While no change in monetary policy was expected,...

Market Spotlight: Trading The August BOE Meeting

BOE Up NextThe BOE meeting has the potential to be a major catalyst for GBP price action over the remainder of the summer. Given the better data recently, the hawkish shift among some policymakers and...

GBP Lower Despite Lockdown Ending Announcement

GBP Still Soft The British Pound is continuing to languish this week despite confirmation from the UK government that lockdown restrictions will end on July 19th. The government announced this week...

GBP Falls As BOE Downplays Inflation Expectations

The British Pound has fallen lower into the end of the week as the Bank of England failed to satisfy the hawkish expectations which had built up among traders ahead of the June rates meeting...

UK Inflation Back At BOE Target Level

The British Pound has seen renewed selling pressure across the European open on Wednesday in response to the latest economic data released there today. The Office for National Statistics (ONS)...