News & Analysis at your fingertips.

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
Oil - US Crude
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
Wall Street
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Crude oil prices fell 4 days in a row, weighed by virus concerns and a much higher-than-expected rise in US crude stockpiles. According to EIA reports, US crude oil inventory climbed by 4.32 million barrels in the week ending Oct 23rd, much higher than a 1.23 million forecast. https://t.co/Q2zfFfzIbT
  • 🇯🇵 Retail Sales YoY (SEP) Actual: -8.7% Expected: -7.7% Previous: -1.9% https://www.dailyfx.com/economic-calendar#2020-10-28
  • 🇯🇵 Foreign Bond Investment (24/OCT) Actual: ¥-1,010.8B Previous: ¥419.8B https://www.dailyfx.com/economic-calendar#2020-10-28
  • Heads Up:🇨🇳 Communist Party Annual Meeting due at 00:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-29
  • Heads Up:🇯🇵 Retail Sales YoY (SEP) due at 23:50 GMT (15min) Expected: -7.7% Previous: -1.9% https://www.dailyfx.com/economic-calendar#2020-10-28
  • Heads Up:🇯🇵 Foreign Bond Investment (24/OCT) due at 23:50 GMT (15min) Previous: ¥419.8B https://www.dailyfx.com/economic-calendar#2020-10-28
  • The New Zealand Dollar may continue to outperform the haven-associated US Dollar as price breaks above key long-term resistance. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/D1DxtDkJXd https://t.co/7sESxSVQTr
  • - Biden-Trump betting odds continue to show Biden way ahead of the incumbent - Investors should not get complacent – there is precedent for an unexpected win - Gold price decline may accelerate after XAU/USD broke a multi-week uptrend https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/10/28/Gold-Selloff-to-Accelerate-With-Less-Than-a-Week-Until-Election-Day.html
  • GBP/USD looks likely to continue to trade around the 1.30 level as the talks between the EU and the UK on their future trade relationship continue. Get your GBP/USD market update here:https://t.co/RwiU3esd2q https://t.co/8OnddX6Tbb
  • Wall Street Futures Update: Dow Jones (+0.451%) S&P 500 (+0.498%) Nasdaq 100 (+0.530%) [delayed] -BBG
GBP/JPY Classical Technical Report 03.15

GBP/JPY Classical Technical Report 03.15

2012-03-15 06:25:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_GBPJPY_body_gbpjpy2.png, GBP/JPY Classical Technical Report 03.15

GBP/JPY: The cross continues to show evidence of the formation of a meaningful base, with the latest topside acceleration blowing through a good deal of significant resistance levels in the form of the 200-Day SMA and critical multi-day highs from October 2011 at 127.35. Still, while we do see the market in the process of carving meaningful longer-term base, daily studies are unwinding from stretched levels and we look for the market to start to pull back over the coming days before a fresh upside extension. There is some good resistance above 131.00 which could ultimately cap for now. Look for setbacks to be well supported above the 100-Day SMA.

--- 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