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
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
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
  • S&P: #Coronavirus impact may double questionable China bank loans -BBG
  • Japan said 2 people who were on the cruise ship off Yokohama died from the #coronavirus, bringing total domestic fatalities from the Wuhan virus to 3 -BBG citing NHK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.26%, while traders in France 40 are at opposite extremes with 85.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2ReikABM3V
  • Following this risk aversion, my #ASEAN-based #USD index is testing a close above key resistance (August highs) with negative RSI divergence showing fading downside momentum which is a downside risk. Clearing this technical barrier exposes the Fib extensions on the chart below https://t.co/CsvcjsJF9i
  • Canadian Dollar Forecast: #GBPCAD, #CADCHF, #NZDCAD, #EURCAD - https://www.dailyfx.com/forex/market_alert/2020/02/20/Canadian-Dollar-Forecast-GBPCAD-CADCHF-NZDCAD-EURCAD.html
  • $USDSGD BRIEFLY SPIKES OVER 1.1% in Asia trade as sentiment deteriorates (#SPX down) as haven-linked #USD gains. This is despite #Fitch saying that Singapore's budget deficit does not jeopardize its 'AAA' rating with public finances remaining on a sound footing #MAS #Singapore https://t.co/1OBRkxmMX6
  • This debate is #savage
  • The $GBP recovered some lost ground against the US Dollar but a break of key support on the way lower from 12-year resistance points to a bearish bias. Get your market update from @IlyaSpivak here: https://t.co/RxfVeYlGxi https://t.co/JsvH1GHxgh
  • RT @RedboxWire: #BREAKING CHINA'S NATIONAL HEALTH COMMISSION SAYS HUBEI PROVINCE LOWERED ITS CORONAVIRUS CASE TOLL BY REMOVING CLINICALLY D…
  • China #coronavirus update February 19: 1,779 patients discharged 74,576 total confirmed reports 114 new Wuhan virus deaths 394 additional cases -BBG
GBP/JPY Classical Technical Report 10.27

GBP/JPY Classical Technical Report 10.27

2011-10-27 06:41:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_GBPJPY_body_gbpjpy2.png, GBP/JPY Classical Technical Report 10.27

GBP/JPY: The latest stalling in the 122.50 area could very well signal the end to a correction and open the door for a resumption of the broader downtrend. Look for a break and close back below 120.00 to confirm and expose fresh record lows below 116.80, while back above 122.65 would negate and suggest that a more significant base is being carved out.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.