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
Bullish
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
Mixed
Gold
Bullish
GBP/USD
Mixed
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
USD/JPY
Mixed
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
More View more
Real Time News
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.25% 🇯🇵JPY: 0.22% 🇨🇭CHF: 0.20% 🇦🇺AUD: -0.03% 🇳🇿NZD: -0.05% 🇨🇦CAD: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/EEHdyNbfqh
  • RT @WhiteHouseCEA: A monthly composite measure that summarizes 22 different market- and survey-based measures of long-run inflation expecta…
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 0.10% Germany 30: 0.02% Wall Street: -0.24% US 500: -0.27% FTSE 100: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sdaF6CbfqR
  • Double UST auction today...$58 billion 3s and $38 billion 10s...plus $24 billion 30s tomorrow. That and $151 billion bills this week may push yields higher. #usts #usdollar @DailyFX
  • ECB's De Cos: - PEPP's flexibility proving useful at present - Fiscal policy should be first line of defense #ECB $EUR
  • 🇨🇦 Business Outlook Survey Indicator (Q1) Actual: 2.9 Previous: 1.3 https://www.dailyfx.com/economic-calendar#2021-04-12
  • Gold’s progress blocked for now. Inflation data, US Treasury auctions on deck. Get your $XAUUSD market update from @nickcawley1 here:https://t.co/SfE73NXvWk https://t.co/qsWdkiEFfB
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.11% Gold: -0.61% Silver: -1.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5LrVYL4vZl
  • Heads Up:🇨🇦 Business Outlook Survey Indicator (Q1) due at 14:30 GMT (15min) Previous: 1.3 https://www.dailyfx.com/economic-calendar#2021-04-12
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.82%, while traders in France 40 are at opposite extremes with 76.65%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ejfY0hE9tG
Forex: GBP/JPY Technical Analysis – Resistance Seen Above 159.00

Forex: GBP/JPY Technical Analysis – Resistance Seen Above 159.00

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices bounced from support at 157.06 (trend line from Aug, 23.6% Fib ret.)
  • Breaking resistance at 159.44 (38.2% Fib expansion) exposes 160.90 (50% Fib exp.)
  • A reversal below 157.06 initially eyes 155.25 (38.2% Fib retracement)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Resistance Seen Above 159.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

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