Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

 

The Japanese cross pair GBP/JPY is trading sharply bearish amid weaker GBP and stronger JPY. The safe-haven pair has already violated upward trendline support 139.490, and now the same level is working as a resistance. The GBP/JPY may gain support and bounce off soon. Check out a quick video analysis to learn more about a trade idea.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: EUR/GBP daily trading forecastForex Market: EUR/GBP daily trading forecast Yesterday’s trade saw EUR/GBP within the range of 0.7878-0.7954. The pair closed at 0.7889, losing 0.36% on a daily basis.At 7:14 GMT today EUR/GBP was down 0.11% for the day to trade at 0.7877. The pair touched a daily low at […]
  • US stock indexes fell unexpectedly amid earning reportsUS stock indexes fell unexpectedly amid earning reports U.S. stocks indexes retreated, forming what seems to be a trend of slight drop, giving the Standard & Poor’s 500 Index its first-two day decline in a month, as investors weighed global manufacturing data and earnings reports from […]
  • Datasea inks distribution agreement with MeglioDatasea inks distribution agreement with Meglio Datasea Inc said this week its Delaware operating subsidiary, Datasea Acoustics LLC, had entered into a marketing promotion and sales cooperation agreement with Meglio Interiors LLC, based in Chamblee, Georgia, to develop, promote and […]
  • GBP/USD Tests Key Moving Average After Sterling GainsGBP/USD Tests Key Moving Average After Sterling Gains Key Moments GBP/USD traded around 1.3480 in early European hours on Tuesday, extending a three-session advance while retaining a mildly bearish short-term tone. Price action remained capped below the 50-day EMA at 1.3492, with […]
  • Major and Crypto-Currencies: Pivot Levels for Friday (December 16th 2016)Major and Crypto-Currencies: Pivot Levels for Friday (December 16th 2016) Major Currency PairsUSD/CHFR1 – 1.0316 R2 – 1.0329 R3 (Range Resistance - Sell) – 1.0343 R4 (Long Breakout) – 1.0384 R5 (Breakout Target 1) - 1.0432 R6 (Breakout Target 2) - 1.0453S1 – 1.0288 S2 – 1.0275 S3 (Range […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.4196-1.4404. The pair closed at 1.4385, surging 0.88% on a daily basis. It has been the 29th gain in the past 62 trading days and also a second consecutive one. The daily high has been the […]