|Day's range||133.125 - 133.125|
|52-week range||124.9300 - 147.9320|
The British pound has rallied a bit during the week, breaking above the ¥132 level. The market is likely to see noise above, perhaps extending to the ¥135 level.
The British pound has rallied a bit during the trading session against the Japanese yen after initially falling hard.
The British pound has gone back and forth during the trading session on Thursday, hanging above the ¥132 level, as we are trying to figure out the next direction.
The British pound has decided to go sideways against the Japanese yen during trading on Wednesday, as the market is waiting to see what it should do next.
The British pound rallied significantly during the trading session on Tuesday, reaching towards the 50 day EMA.
GBP/JPY has bounced at the 61.8% Fib and 21 ema zone. This could indicate a bullish ABC (purple) pattern.
The British pound has gone back and forth during the trading session on Monday, as Americans celebrated Memorial Day.
The British pound rallied a bit during the week against the Japanese yen, reaching towards the ¥132 level before pulling back.
The British pound initially tried to bounce a bit to kick off the trading session on Friday, but then rolled over a bit to reach below the ¥131 level.
The British pound went back and forth during the trading session on Thursday as we continue to chop around just below the ¥132 level.
Quite frankly, the British pound has gotten a bit of a “free pass” over the last couple of days, but we are starting to reach significant resistance barriers.
The British pound has rallied a bit during the trading session on Monday, reaching towards the ¥131 level to trying to wipe out the candlestick from Friday.
The British pound ran into resistance again against the Japanese yen as it rallied towards the crucial ¥132 level. This is an area that has been important more than once, as it was previous support. At this point, the market looks as if it is trying to roll over again.
The British pound initially fell during trading on Tuesday but gained again in order to show resiliency against the Japanese yen. That being the case, we are still in a strong downtrend, but it seems as the buyers are quite ready to give up.
GBP/JPY made a bullish pullback after a strong downtrend (red candles). The bears could soon regain control again and aim for the 130 target.
The British pound initially tried to rally during the trading session on Monday but rolled over to show signs of exhaustion as the ¥132 level began the previous consolidation area.
The British pound rallied during the trading session on Friday, as the world awaited the jobs figure. That being said, the numbers came in roughly in line, and therefore the markets got quite subdued right afterwards.
The British pound rallied significantly during the trading session on Thursday, reaching towards the bottom of the rectangle that it had broken throughout the ¥132 level. That being said, the market then gave of those gains after people realized the Bank of England was going to continue liquefying markets.
The British pound broke down below support during the trading session on Wednesday, breaking below the crucial ¥132 level that I have been talking about. By doing so it suggests that we have further to go to the downside.
The British pound has been relatively quiet against the Japanese yen during the trading session on Tuesday in early trading, as we are at the bottom of the risk range for the last month or so.
The British pound fell a bit during the trading session on Monday to kick off the week, coming close to the bottom of the overall consolidation area. The 132 young level looks to be the bottom of the larger consolidation rectangle, so it does make sense that we have seen little bit of a bounce.