|Day's range||142.65 - 142.65|
|52-week range||126.6550 - 148.8580|
The British pound broke out against the Japanese yen during the week, finally slicing through the resistance barrier that had been keeping it down for quite some time. At this point, it looks as if we are ready to continue going higher as the election looms.
The British pound pulled back a bit during the trading session on Friday, but then turned around to show signs of strength again. This continues the overall “risk on” trade situation.
The British pound has rallied a bit during the trading session on Monday to kick off the week, as we are approaching the ¥142 level. This is an area that should continue to be interesting, but if we break above it, this market is ready to take off.
At the beginning of December, we could have few hot topics for forex traders. Trade Wars, all time highs on stocks or Brexit. Quite surprisingly, our attention shifts towards yen, which is quietly weakening across the globe.
The British pound rallied during the week, breaking to a fresh, new high as we continue to see a lot of buying pressure. It looks as if the Tories are going to have a majority Parliament, and that of course is helping the British pound.
The British pound went back and forth during the trading session on Friday, as we continue to see a lot of volatility out there. This is a very sensitive market when it comes to risk appetite, so keep that in mind.
The British pound broke above the recent consolidation area that we had been in, showing signs of life finally. This is a market that continues to be noisy but looks to be positive. Unfortunately, there was more US/China trade noise overnight.
The British pound has gone back and forth during the week against the Japanese yen as we continue to hover around the ¥140 level. This is an area that is crucial as it is the 61.8% Fibonacci retracement level, and as the British pound is historically cheap, there is a lot of interest here.
The British pound continues to consolidate in general against the Japanese yen as we await some type of movement when it comes to Brexit. At this point, the market continues to dance around the ¥140 level, an area that attracts a lot of attention.
The British pound rallied initially during the trading session on Monday, reaching towards the crucial ¥141.50 level. However, we have been turned around completely as what was once optimism about the conversation of the weekend involving the United States and China has been overshadowed by pessimism.
The British pound has remained rather resilient during the week, as we continue to hang around the ¥140 level. At this point, it looks as if the market is trying to build up the necessary momentum to finally go higher.
The British pound continues to go back and forth against Japanese and, as we reached above the ¥140 level. At this point in time, the market looks as if it is ready to continue the same action that we have seen for several days.
The British pound has gone back and forth during the course of the week, testing the ¥140 level, and when you look at the daily chart, it is forming a pennant or symmetrical triangle, depending on how you look at it.
The British pound continues to show signs of underlying demand, as the market has been grinding around the ¥140 level for some time. After the initial surge higher, it now looks as if the market is prepared to digest those gains.
The British pound continues to drive into the ¥140 level which is massive resistance. This week was a bit quiet, as it looks like on the daily chart the pair is trying to form a bit of a bullish flag.
The British pound consolidated a bit during the training session on Friday against the Japanese yen, as we continue to form a major consolidation area right around the ¥140 level.
The British pound has gone back and forth during the trading session on Thursday as we continue to see a lot of choppy behavior. That being said, the market is starting to form a larger flag pattern, and that of course is very bullish at this point.
The British pound initially fell against the Japanese yen during the trading session on Tuesday but found enough support to turn things around and rally back towards the ¥140 level. Since then, it has been relatively quiet which makes sense considering that the number is such an important level.
The British pound rallied a bit against the Japanese yen on Monday, showing signs of life again. This is a market that is very risk sensitive, so it will be interesting to see how this plays out. Remember, the Japanese yen is considered to be a safety currency.
The British pound initially try to rally during the week but then gave back a bit to show signs of exhaustion. We are currently trading at the 61.8% Fibonacci retracement level, which of course is an area that a lot of technical traders will pay attention to.
The British pound has drifted a little bit lower during the trading session on Friday against the Japanese yen as the market continues to struggle for traction. That being said though, selling this pair is going to be extraordinarily difficult.