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. See our updated Privacy Policy here.

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
More View more
Real Time News
  • $SPX Daily Breakout Levels. . . https://t.co/4TUCRpA7xT
  • RT @FitchRatings: Fitch Ratings believes stablecoins that approach a systemically important scale could come to play an important role in s…
  • #Sterling Outlook: $GBPUSD #Breakout Runs Resistance- Sink or Swim? https://t.co/vDzbWrvCKg https://t.co/Im8XOzcu7J
  • Join @JStanleyFX at 13:00 EST/17:00 GMT for a webinar on trading price action. Register here: https://t.co/O5PPiQGoSU https://t.co/9gMU4HqUwp
  • The S&P 500 continues to edge its way towards a record high, but momentum is notably flagging. Meanwhile, the Dollar finally snapped to Fed rate forecasts. DailyFX's @JohnKicklighter discusses below 👇 https://t.co/nCpitPgmFV
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: US 500: 0.66% Wall Street: 0.50% FTSE 100: -0.03% Germany 30: -0.04% France 40: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/y70w16CUXd
  • Cable breakout, next resistance hit 3800 $GBPUSD #DXY https://t.co/jieOduhMlt https://t.co/dgyxdjWkIj
  • Euro seeing a modest bounce from the 1.16 handle, eyes are on the 1.1700 handle, which may well indicate a change in fortunes for the Euro, should the single currency surmount the psychological barrier. Get your $EUR market update from @JMcQueenFX here:https://t.co/xsoCcOeZov https://t.co/gj45VCCBDf
  • Gold Price Forecast: XAU Coil Continues After 1800 Res Rejection https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/10/19/Gold-Price-Forecast-XAU-Coil-Continues-After-1800-Res-Rejection.html $GC_F $Gold https://t.co/D6hRSB5vNx
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 1.09% 🇦🇺AUD: 0.80% 🇬🇧GBP: 0.51% 🇪🇺EUR: 0.23% 🇨🇦CAD: 0.08% 🇯🇵JPY: 0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/vguzKnWbkt
Forex Analysis: GBPJPY Classic Technical Report 11.08.2012

Forex Analysis: GBPJPY Classic Technical Report 11.08.2012

Ilya Spivak, Head Strategist, APAC

Prices are pulling back from resistance at the top of a rising channel set from early June. Initial support lines up at 127.01, the 23.6% Fibonacci retracement. A break below that exposes a rising trend line set from August (126.18) and the 38.2% Fib at 124.16. Channel resistance is now at 129.81.

Forex_Analysis_GBPJPY_Classic_Technical_Report_11.08.2012_body_Picture_5.png, Forex Analysis: GBPJPY Classic Technical Report 11.08.2012

Daily 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, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES