CATEGORY GBP/JPY

Live FX Analysis – 15 May 2018 (Video)

It’s been an interesting month in financial markets in which the dollar has rediscovered its mojo, geopolitical risk has remained heightened, US corporates have shown their strength and central banks around the world have become less bullish. Ahead of another busy data week, Senior Market Analyst Craig Erlam gives his views on the markets at…

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Live FX Market Analysis – 1 May 2018 (Video)

Senior Market Analyst Craig Erlam previews a busy week for financial markets which includes central bank announcements, big economic releases and more US companies reporting first quarter earnings. Craig also gives his live analysis on EURUSD (16:03), GBPUSD (18:47), EURGBP (21:10), AUDUSD (24:13), USDCAD (26:19), GBPCAD (28:21), NZDUSD (30:47), USDJPY (32:32), GBPJPY (33:54) and EURJPY (35:35).…

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FX Market Analysis – 20 February 2018 (Video)

Senior Market Analyst Craig Erlam discusses this week’s key event risks, with the most notable being the UK jobs report and BoE inflation report hearing. Craig also gives his live analysis on EURUSD (11:04), GBPUSD (15:13), EURGBP (17:04), AUDUSD (18:36), USDCAD (20:02), GBPCAD (22:01), NZDUSD (24:47), USDJPY (25:44), GBPJPY (26:47) and EURJPY (28:24). USD/JPY –…

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Weekly FX Market Update – 6 February 2018 (Video)

It’s been an extremely turbulent 24 hours in the financial market with the Dow recording its largest ever daily points drop as panic set in and traders tried to work out what was triggering such a strong sell-off. Markets have stabilized a little on Tuesday but there remains some concern among traders which continues to…

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GBP/JPY is getting bumpy

A high wave candle on the daily GBP/JPY chart augurs that the upward power of this market is dissipating.Closing the day below the 21-day simple moving average, this pair has thrown in a large bodied candlestick, with both upper and lower wicks summing…

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GBP/JPY rebounds from 8-week lows

GBP/JPY rebounds from 8-week lows

FXStreet (Córdoba) – GBP/JPY managed to erase most of the losses and climbed back above 184.00.

GBP recovers

The pound fell across the board after the Bank of England announced its decision on monetary policy and released the minutes of the meeting. GBP/JPY dropped quickly to 183.36, hitting the lowest level since October 16 but then rebounded.

From the lows the pair rose more than a hundred pips and found resistance at the 20-hour moving average located at 184.45. Currently it trades at 184.10/15, down 0.1% for the day.

Another rejection from below 184.00

The pair has been able to rise back above the 184.00 handle that since mid-October is limiting the downside. A significant close considerably below could open the doors for a continuation of the decline.

On a wider perspective, the pair still holds a bearish tone but as long as price remains above 184.00, there will be some chances of a bullish correction, that would gain potential it price rises and holds above 185.10.

GBP/JPY managed to erase most of the losses and climbed back above 184.00.

(Market News Provided by FXstreet)

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