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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • EUR/USD holding proven support level. Pullback may be over, but hurdles yet to cross. Get your $EURUSD market update from @PaulRobinsonFX here: https://t.co/o6LAHTn29c
  • GBP/USD continues its march higher as the pair breaks above 1.41 for the first time since February $GBPUSD https://t.co/UVswAJplrS
  • Heads Up:🇺🇸 Fed Evans Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-10
  • Canadian #Dollar Outlook: $USDCAD May Plunge- #Loonie Breakout Levels - https://t.co/i2TZgt5zFs https://t.co/fSZ4TObFPI
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/9l81E6oZyE
  • US Treasury: - Launches $350 billion in aid for states, localities - States where unemployment rate is 2% above Feb. 2020 rate can receive funding in a single payment - State funding totals $195.3 billion
  • Heads Up:🇺🇸 President Biden Remarks on the Economy due at 17:15 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-10
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.88%, while traders in Wall Street are at opposite extremes with 77.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/glsLro1SHq
  • Ethereum touches a new all-time high at $4,200 before slightly backing off $ETH $ETHUSD https://t.co/w7pdbRBYAA
  • Colonial Pipeline says service to be "substantially restored" by the end of the week - BBG #OOTT #CrudeOil $CL_F
GBP/JPY Classic Technical Report 07.04.2012

GBP/JPY Classic Technical Report 07.04.2012

Ilya Spivak, Head Strategist, APAC

Prices are consolidating above the 23.6% Fibonacci expansion at 124.52. Near-term resistance lines up at 125.55, the 38.2% level, with a break above that targeting the 50% Fib at 126.39. Alternatively, a push through support exposes 123.58 as well as a rising trend line set from early June, now at 123.07.

GBPJPY_Classic_Technical_Report_07.04.2012_body_Picture_5.png, GBP/JPY Classic Technical Report 07.04.2012

4hr Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES