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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
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
Bearish
Wall Street
Bearish
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
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • UK 8-year Gilts on the cusp of turning negative..#gilts #sterling @DailyFXTeam https://t.co/ldXS2eYzJl
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:https://t.co/vg7w10la3j https://t.co/8rwkKVigC4
  • South Africa's Eskom says the possibility that Eskom may be forced to implement loadshedding has increased as the power system is severely constrained $ZAR
  • 🇮🇹 Industrial Production MoM (MAY) Actual: 42.1% Expected: 22.8% Previous: -20.5% https://www.dailyfx.com/economic-calendar#2020-07-10
  • 🇮🇹 Industrial Production YoY (MAY) Actual: -20.3% Expected: -32.5% Previous: -43.4% https://www.dailyfx.com/economic-calendar#2020-07-10
  • 🇮🇹 Industrial Production MoM (MAY) Actual: 42.1 Expected: 22.8% Previous: -19.1% https://www.dailyfx.com/economic-calendar#2020-07-10
  • 🇮🇹 Industrial Production YoY (MAY) Actual: -20.3 Expected: -32.5% Previous: -42.5% https://www.dailyfx.com/economic-calendar#2020-07-10
  • A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model. Get your market update from @ZabelinDimitri here:https://t.co/n6zwlZJmGO https://t.co/5f4f0vdUTV
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.08%, while traders in NZD/USD are at opposite extremes with 70.89%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/I7Yt76dYsY
  • Heads Up:🇮🇹 Industrial Production MoM (MAY) due at 08:00 GMT (15min) Expected: 22.8% Previous: -19.1% https://www.dailyfx.com/economic-calendar#2020-07-10
GBP/JPY Classical Technical Report 02.22

GBP/JPY Classical Technical Report 02.22

2012-02-22 07:00:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_GBPJPY_body_gbpjpy2.png, GBP/JPY Classical Technical Report 02.22

GBP/JPY: The cross continues to show evidence of the formation of a meaningful base, with the recent break back above 122.05 confirming a higher low by 119.60 and opening a fresh upside extension. Next key resistance comes in by the October highs at 127.35 and we expect a test of this level over the coming sessions. However, daily studies are highly overbought so we would not rule out the potential for a short-term corrective pullback once 127.35 is tested. Still, any setbacks should now be very well supported above the 20-Day SMA on a daily close basis.

--- 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.