GBP/JPY tests 2-month rising trendline ahead of UK retail sales

GBP/JPY is defending the trendline connecting the Aug. 15 low and Sept. 7 low. The trendline support will likely be breached on below-forecast UK retail sales print. The GBP/JPY cross is flashing red in Asia but is holding key rising trendline support in Asia.   At press time, the pair i ...

GBP/JPY Technical Analysis: Trying to gear up for a run at 148.00

The Guppy hasn't given up hope yet, despite bull-slaying Brexit headlines, and the GBP/JPY is trying to recover the week's early bullish momentum from Wednesday's bottom at the 147.00 handle. Hourly charts have the GBP/JPY trapped beneath a declining 200-hour moving average, wit ...

GBP/JPY Technical Analysis: Swinging back over 148.00

The GBP/JPY has been making halting progress after recovering from the week's early slip, and buyers continue to remain to the positive side despite ongoing Brexit tensions, which could come to a head at Wednesday's EU leadership summit in Brussels. The 50-period moving average i ...

GBP/JPY struggling near 17.00 after bearish gap

Brexit woes are back in force as investor hopes for a weekend deal fade quickly. Data is thin for the early week's session, leaving headlines to play a major role in market direction. The GBP/JPY is trading just south of the 147.00 round figure after the week's opening gap pulled th ...

GBP/JPY looking for poise at 149.00 with UK GDP in the barrel

The Sterling is on the rise on hope-fueled Brexit headlines. Brexit news has been the main force behind the GBP this week, but Wednesday delivers UK GDP numbers. The GBP/JPY is testing back towards the week's highs, pushing into 148.80 as Cable bulls, emboldened by positive-swinging Brexi ...

GBP/JPY slips the 148.00 level once again on its way back down

The GBP is exposing its soft underside to negative Brexit headlines once again. As the political situation remains disruptive, the GBP can expect to lose further ground to the safe-haven Yen. The GBP/JPY is trading into 147.90 in early Tuesday trading as risk-off flows continue to hamper th ...

GBP/JPY Technical Analysis: Range breakout bolsters already bullish setup

The pennant breakout on the GBP/JPY pair indicates the revival of rally, as represented by the ascending trendline connecting the Aug. 15 low and Sept. 7 low. The 5-day and 10-day exponential moving averages (MAs) are trending north, indicating a bullish setup. A similar message is bein ...

GBP/JPY gunning for 150.00 as the week opens bullish

The Sterling is bumping higher on improving Brexit headlines. Monday sees constrained market volumes, especially in the early session. The GBP/JPY is trading into 149.50 at the week's outset as buyers make an early push for the 150.00 major handle, though Monday's early action coul ...