We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • 🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F), Actual: 0.5% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • 🇪🇺 EUR German Gross Domestic Product n.s.a. (YoY) (3Q F), Actual: 1,0% Expected: 1.0% Previous: 1.0% https://www.dailyfx.com/economic-calendar#2019-11-22
  • The $JPY has posted some rare gains against the US Dollar on its daily chart, but important channel support still holds on an intraday basis. Keep a close eye on it now. Get your market update from @DavidCottleFX here:https://t.co/ReMGzu6OjP https://t.co/FkSEGuro3T
  • 🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F), Actual: 1% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • Heads Up:🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F) due at 07:00 GMT (15min), Actual: N/A Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • Heads Up:🇪🇺 EUR German Gross Domestic Product n.s.a. (YoY) (3Q F) due at 07:00 GMT (15min), Actual: N/A Expected: 1.0% Previous: 1.0% https://www.dailyfx.com/economic-calendar#2019-11-22
  • European Opening Calls From IG: #FTSE 7259 +0.28% #DAX 13166 +0.22% #CAC 5892 +0.18% #MIB 23339 +0.26% #IBEX 9236 +0.23% #STOXX 3688 +0.21%
  • USD/MXN Technical Analysis: Peso Breaks Down as USMCA Lingers - https://www.dailyfx.com/forex/technical/article/special_report/2019/11/22/USDMXN-Technical-Analysis-Peso-Breaks-Down-as-USMCA-Lingers.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #USDMXN #USMCA https://t.co/ZHZWXOGHuW
  • What is a CPI and why does it affect #forex traders? Find out: https://t.co/nGztbG91kc #tradingstyle https://t.co/d06LgWdP50
  • My trading video for today: 'S&P 500 Slip Isn't Yet Bearish Conviction, Even with Trade War and Recession Headlines' https://www.dailyfx.com/forex/video/daily_news_report/2019/11/22/SP-500-Slip-Isnt-Yet-Bearish-Conviction-Even-with-Trade-War-and-Recession-Headlines.html?CHID=9&QPID=917719 https://t.co/WRXYdP6ru2
GBP/JPY Classical Technical Report 05.09

GBP/JPY Classical Technical Report 05.09

2011-05-09 05:45:00
Joel Kruger, Technical Strategist
Share:
GBPJPY_Classical_body_gbpjpy2.png, GBP/JPY Classical Technical Report 05.09

GBP/JPY:Bearish price action over past few days certainly does a good job of compromising our constructive outlook. However, despite the market closing below the 100 and 200-Day SMAs, any setbacks below have been limited, and we prefer to give some more time before making any decisions with regard to trend shift. Instead, look for the cross to establish back above the longer-term SMAs ahead of the next major upside extension back towards 140.00.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

If you wish to receive Joel's reports in a more timely fashion, e-mail jskruger@dailyfx.com and you will be added to the "distribution" list.

If you wish to discuss this topic or any other feel free to visit our Forum page

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.