While entering long seems tempting, we will tactically opt to stand aside. A strong correlation between GBPJPY and the S&P 500 stock index hints at a high sensitivity to sentiment trends. That makes a long trade vulnerable to the breakout …
With all this going on, you’d think that some of the risk would be coming off the table, but to the contrary, stock indices have been rising ... A more clear shot for …
With respect to Trump, an interview of his on the “Fox and Friends” show will be …
GBPJPY is in a pullback from 195.00 where we labeled end of a wave D within a triangle. Price came down nearly 160 pips so far which looks like a wave E in progress; a final leg that can complete wave B) correction around 192.50-193.00 …
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. As long as 146.93 support holds, the price action in the range could be treated as consolidation of the uptrend from 135.59 …
GBPJPY: Maintains Recovery Tone GBPJPY - The cross remains biased to the upside on a corrective recovery breaking and closing slightly above the 134.01 level, its May 11'2011 high on Tuesday. Though it continues to retain its recovery …
GBPJPY has been trading in a range during the past two weeks and is pivoting around the 20 and 50-period moving averages which are converging around the 148.50 level. This also happens to be the 38.2% Fibonacci retracement of …
To receive James Stanley’s Analysis directly via email, please sign up here. Talking Points: GBP/JPY Technical Strategy: Intermediate-term: bullish; short-term: bullish. GBP/JPY has put in a strong bullish continuation move after crossing the …
The dragon surrenders and loses its firepower. GBP/JPY is now at 118.53, under the previous all time low of 118.90 set back in January 2009. Ben Bernanke slayed the “dragon”, which was already weakened by his counterparts in London. …
The buying pressure is rising so the bullish breakout is more likely to happen. GBPJPY had a rough day yesterday. From heaven to hell and back to heaven. The sentiment is again positive. We defended the 38,2% Fibonacci, we still have a …