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EUR/USD
Bullish
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of clients are net short.
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Euro Price Outlook: Euro Pop Setting Up for a Drop- EUR/USD Levels
2021-06-24 17:00:00
EUR/USD Finding Short-Term Resistance Tough to Break, US Data to Drive the Next Move
2021-06-24 11:00:00
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Canadian Dollar Forecast: USD/CAD Pullback From Peak Hinges on OPEC Meeting
2021-06-25 09:30:00
Crude Oil Prices at Risk as Chart Setup Hints at Fading Momentum
2021-06-25 05:00:00
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of clients are net short.
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Dow Jones Rebound May Lift Sentiment for Nikkei 225 and ASX 200
2021-06-25 01:00:00
Nasdaq 100 Outpaces Dow Jones as Reflation Trade is Put on Pause
2021-06-24 20:00:00
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Gold Price Outlook: XAU/USD Looking to Trend Support Just Below
2021-06-25 12:30:00
Gold Prices May Fall as US PCE Data Stokes Fed Rate Hike Bets
2021-06-25 07:06:00
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British Pound (GBP/USD) Struggling to Regain Trend Support, US Inflation Data Nears
2021-06-25 08:00:00
GBP/USD Drops as BoE Disappoints Calls for Hawkish Surprise
2021-06-24 11:30:00
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of clients are net long.
of clients are net short.
Long Short

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Dollar Looks for End-of-Week Volatility From Fed's Favorite Inflation Reading
2021-06-25 02:51:00
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update
2021-06-24 02:00:00
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  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 1.03% Gold: 0.69% Oil - US Crude: 0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VatqhgPncw
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Forex: GBP/JPY Technical Analysis – Stuck in Familiar Range

Forex: GBP/JPY Technical Analysis – Stuck in Familiar Range

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are consolidating above support at 157.79 (trend line from August)
  • Break lower targets 157.06 (23.6% Fib retracement)
  • Resistance at 159.44 (38.2% Fib exp.); above that eyes 160.90 (50% Fib exp.)

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

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Stuck in Familiar Range

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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