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Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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EUR/USD Price Outlook - Sitting on Multi-Week Support Ahead of Busy Data and Events Week
2021-01-18 12:00:00
EURUSD and S&P 500 Break Lower to End the Week, VIX Ready to Blow
2021-01-18 00:00:00
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Long Short

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Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jan 05, 2021 when Oil - US Crude traded near 5,008.80.
2021-01-19 05:23:00
Crude Oil Technical Outlook: Pullback at Hand Before Next Leg Higher?
2021-01-17 04:00:00
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of clients are net short.
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Dow, Nasdaq, S&P 500 Outlook: Earnings May Bring Positive Surprises
2021-01-19 04:30:00
Why a Rise in Retail Trading May Signal Another Mania
2021-01-18 22:00:00
Gold
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Markets Week Ahead: Russell 2000, S&P 500, Gold, USD, Biden Stimulus, Earnings, ECB
2021-01-18 15:00:00
Gold Price Outlook: XAU/USD Rebounds from a 6-Week Low. Now What?
2021-01-18 06:00:00
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British Pound Outlook: GBP May Rise as Covid-19 Cases Begin to Fall
2021-01-19 07:30:00
Sterling (GBP) Weekly Forecasts: GBP Supported by Covid Vaccination Hopes
2021-01-16 22:00:00
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of clients are net short.
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Japanese Yen Technical Forecast: USD/JPY Triangle Builds into Wedge
2021-01-16 16:00:00
USD/JPY Forecast: Yen Pushes Back After Jerome Powell’s Interview
2021-01-15 12:53:00
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GBP/JPY Classical Technical Report 04.16

GBP/JPY Classical Technical Report 04.16

Joel Kruger, Technical Strategist
Daily_Classical_GBPJPY_body_gbp.png, GBP/JPY Classical Technical Report 04.16

GBP/JPY: The market is finally in the process of correcting following the latest surge to fresh 2012 highs by 133.50. From here, we see risks for further weakness towards the 125.00 area, but ultimately any additional setbacks should be well supported in favor of a resumption of the newly formed bullish trend. We contend the cross has carved a major cyclical bottom and the longer-term risks from here are for continued strength. Only back under 122.00 would delay outlook and give reason for concern.

--- 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.

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