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
Bearish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Heads Up:🇨🇦 Ivey PMI s.a due at 14:00 GMT (15min) Previous: 22.8 https://www.dailyfx.com/economic-calendar#2020-06-05
  • Gold Sinks, USD/JPY Surges as NFP Report Smashes Expectations - via @DailyFX https://t.co/csSLlNVzVJ
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 3.25% Wall Street: 2.70% Germany 30: 2.65% US 500: 1.90% FTSE 100: 1.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/GyZ4oc1mGG
  • me and other market bears after that NFP print.... https://t.co/NFQOzKWtNG
  • 🇷🇺 Foreign Exchange Reserves Actual: $566.1B Previous: $566B https://www.dailyfx.com/economic-calendar#2020-06-05
  • US #NFP report for May 2020 crushed the median estimate on Wall Street looking for -7.5 million jobs lost, but the actual figure crossed the wires at 2.5 million jobs added. Get your market update here: https://t.co/8i0L6YIqjy https://t.co/K2laOv7Unk
  • #Cable is trading around 1.2650 in early turnover and is back at highs last seen in mid-March as the pair continue to make a short-term series of higher lows and higher highs.Get your $GBPUSD market update from @nickcawley1 here: https://t.co/XCrsgxaXux https://t.co/5z8GFfyN8X
  • Heads Up:🇷🇺 Foreign Exchange Reserves due at 13:00 GMT (15min) Previous: $566B https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇷🇺 Inflation Rate YoY due at 13:00 GMT (15min) Expected: 3% Previous: 3.1% https://www.dailyfx.com/economic-calendar#2020-06-05
  • Wall Street economists right now https://t.co/aQEPGOuhAe
British Pound Targets Lows versus Japanese Yen

British Pound Targets Lows versus Japanese Yen

2012-05-31 15:13:00
David Rodriguez, Head of Product
Share:
ssi_gbp-jpy_body_Picture_17.png, British Pound Targets Lows versus Japanese Yen

GBPJPY – Forex trading crowds continue to buy into British Pound weakness against the Japanese Yen, and our sentiment-based trading strategies continue selling into GBPJPY declines with clear success.

Past performance is NOT indicative of future results, but we believe that strongly volatile markets favor trading breakdowns in the GBPJPY and other Japanese Yen pairs. Focus turns to January lows of ¥119.50 and modern lows near ¥116.80.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com.Contact David via Twitter at http://www.twitter.com/DRodriguezFX

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

DISCLOSURES

News & Analysis at your fingertips.