Tag: gbp/jpy
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GBP/USD, GBP/JPY Rally to Resistance – Can Bulls Force the Breakout?
[ad_1] British Pound Talking Points: GBP/USD sold off last week after a failed test at the 1.2000 psychological level. That led to a move down to support at 1.1760, but bulls have since came in to push a higher low as price sets up for another test at the big figure. GBP/JPY strength has continued…
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British Pound Breaks Down on BoE’s .75% Hike: GBP/USD, GBP/JPY
[ad_1] British Pound Talking Points: The British Pound is breaking down after the Bank of England’s largest rate hike in 33 years. But, once again, it was the guidance as the BoE suggested that rates won’t be hiked as high as previously thought, speaking to the ‘terminal rate.’ The Bank of England press conference was…
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Japanese Yen Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY
[ad_1] Japanese Yen Talking Points: The Japanese Yen has finally started to stage some element of recovery after an aggressive 2.5 week spurt of weakness. While the currency was somewhat calm coming into the month of March, at least on a relative basis, a strong trend developed in USD/JPY, EUR/JPY and AUD/JPY. The big culprit…