GBP/JPY drops to 19-day low, tests 50% Fib support

GBP/JPY fell to 19-day low on yen demand.  The pair has retraced rally from May 29 low to June 7 high.  The GBP/JPY pair fell to a 19-day low of 145.68 in Asia as escalating US-China trade war and the resulting risk aversion increased demand for anti-risk Yen.  As of writing, th ...

GBP/JPY sticking to Friday lows near 146.50

Sterling drops away against the Yen as risk appetite flips into reverse on trade war fears. BoE rate decision inbound later this week. The GBP/JPY pair is backing down in Monday action, trading into a low for the day near 146.40 as risk appetite withers in the face of renewed trade tensions ...

GBP/JPY Technical Analysis: bears push to take out resistance near 148.00

The rising trendline continues to bolster prices higher, but bullish momentum remains capped at last technical top. A positive beat to CPI figures for the UK on Wednesday will see the pair break into new highs. Brexit voting in UK parliament has gone to PM Theresa May so far. GBP/JPY Chart ...

GBP/JPY flits with trendline hurdle ahead of UK CPI release

GBP/JPY is attempting a break above a two-month falling trendline. An above-forecast UK CPI reading could put a strong bid under the British Pound. The GBP/JPY pair has been solidly bid in the last 24 hours, but a convincing move above the falling trendline (from April 18 low and April 2 ...

GBP/JPY encounters resistance near 148, starts retracing daily gains

GBP/JPY fails to rise above the critical 148 mark. UK PM Theresa May wins the crucial vote to reject the amendment 19. UK unemployment rate stays unchanged at 4.2%. During the American trading hours, the GBP/JPY reacted positively to the political developments from the UK and gained over 6 ...