|Day's range||147.572 - 147.757|
|52-week range||147.57191 - 147.75658|
The British pound initially tried to rally against the Japanese yen but is struggling to break above the previous uptrend line, a very negative sign indeed. Forming a shooting star on the weekly chart doesn’t help either.
The British pound rallied during the week, bouncing from the 145 region. However, there is a bit of an uptrend line that we broke down below during the previous week, so I would anticipate there could be a bit of resistance just above. In fact, the longer-term trader is probably going to need to wait until we get above the 150 handle to start buying again. Otherwise, we may see a selling opportunity.
Even after bouncing off the 105.50-45 support-zone, the USDJPY still struggles with two-month old descending trend-line, at 106.85 now, before the crucial US NFP. Should the employment details please USD buyers, the pair may surpass 106.85 and can rise towards 107.20 and the 107.60 but its following recovery has to conquer the 107.90-95 horizontal-line in order to visit the 108.40 and the 109.00 resistance-levels. In case if the Jobs report disappoint greenback Bulls and trigger the pair’s pullback, the 106.50, the 106.20 and the 105.80 are likely consecutive supports to appear on the chart. ...
GBP is looking good and nice, with a strong trend, and holding on the daily timeframe. This is another excellent opportunity for bulls to get in and take advantage of this strong bullish trend. This constitutes a remarkable opportunity to take the advantage of the market.
The British pound initially tried to rally during the week against the Japanese yen but found the 150 level to be far too resistive to continue going higher. We have since broken down below an uptrend line, a very negative sign indeed as we approach the 145 handle.
The British pound has been very noisy during the trading session on Tuesday, struggling against the Japanese yen to find clarity. Remember that this pair is very sensitive to risk appetite in general, and because of this I think we will eventually get an explosive move.
FXEmpire’s analyst Bob Mason discusses the USD, the Latvian banking crisis and UK-EU relations after an eventful few weeks in the markets.
The British pound has been very choppy during the week, as we are testing a significant uptrend line. I believe this is going to be a very important couple of weeks ahead, giving us an idea as to where we are going longer term.
The British pound has been very noisy during the trading session on Friday, against not only Japanese yen but several other currencies. At this point, I think that the market is going to try to make a move higher short-term, but the longer-term candlestick isn’t necessarily a positive looking factor.
The British pound has fallen a bit during the week, but as you can see we have bounced from the uptrend line on the weekly chart. As you can see, I think that the market is ready to continue to go higher, and on a move above the 150 level, we may have something going.
Euro/Dollar’s short and long term indicators are mostly neutral, but the mid term shows mixed results. The close to 25% long interbank is bullish. The Cable has 6 neutrals in both the short and long terms.