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.

Free Trading Guides
EUR/USD
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
GBP/USD
Bullish
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
Gold
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
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
Bitcoin
Bullish
More View more
Real Time News
  • Heads Up:🇺🇸 USD Net Long-term TIC Flows (AUG) due at 20:00 GMT (15min), Actual: N/A Expected: N/A Previous: $84.3b https://www.dailyfx.com/economic-calendar#2019-10-16
  • Fed's Brainard says negative rates not attractive in the US on cost-benefit front $DXY $TNX
  • Signs that the EU-UK summit will yield substantive progress towards a Brexit deal have market participants bidding up the $GBP. Get your market update from @CVecchioFX here: https://t.co/AHukrpAHBO https://t.co/BHFnLf7SKR
  • Commodities Update: NYM WTI Crude 53.34 (+1.00%), ICE Brent Crude 59.41 (+1.14%), NYM NYH Gasoline 162.40 (+0.59%). [delayed]
  • RT @zerohedge: *KAPLAN: I BACKED THE TWO RATE CUTS, MORE AGNOSTIC ON NEXT MOVE
  • Update on #Cryptocurrencies #BITCOIN -2.18% #BITCOINCASH -2.87% #ETHEREUM -2.80% #RIPPLE -2.19% #LITECOIN -3.77%
  • Aussie in Focus Ahead of Australian Employment Change & Unemployment Rate Data Due Early Thursday - via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2019/10/16/aud-price-audusd-audjpy-euraud-australian-employment-report-on-deck.html $AUDUSD $AUDJPY $EURAUD $GBPAUD $AUDCAD $AUDNZD #Forex #Trading #RBA #Ausbiz #AustralianDollar https://t.co/7RnaVpmq54
  • We are on pace for another exceptionally small $SPX range today. Not as small as Monday's but second smallest turn in two-and-a-half months https://t.co/oCnn4teBWP
  • Overnight swaps are pricing an 86.3% chance for a rate cut at this month's FED meeting https://t.co/aOIeCIdaCy
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.47% Oil - US Crude: -0.13% Silver: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/sLHTPQGMGX
Forex: GBP/JPY Technical Analysis – Rally Stalls Above 173.00 Figure

Forex: GBP/JPY Technical Analysis – Rally Stalls Above 173.00 Figure

2013-12-31 05:50:00
Ilya Spivak, Sr. Currency Strategist
Share:

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

Talking Points

  • Prices are testing above 173.29 (50% Fib exp.); breaking higher eyes 174.88 (61.8% Fib)
  • Near-term support is at 171.70 (38.2% Fibonacci expansion)
  • Reversing below support targets 169.74 (23.6% Fib)

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

dailyclassics_gbp-jpy_body_Picture_12.png, Forex: GBP/JPY Technical Analysis – Rally Stalls Above 173.00 Figure

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

News & Analysis at your fingertips.