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Pound Likely to Gain Bids against Yen
Technical Bias: Bullish Key Points British pound struggled recently against the US dollar, but managed to hold gains against the Japanese yen. GBPJPY pair is forming a breakout structure which might...
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GBPJPY Hesitates, but Further Losses Seem Likely
Technical Bias: Bearish Key Points British pound tumbled against the Japanese yen and looks set for more losses moving ahead. Bank of England interest rate decision is lined up today which might cause...
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GBPJPY Primed For Lift-Off
Technical Bias: Bullish Key Points British Pound continued to find bids against the Japanese Yen, as there is a monster support formed around 193.20-00. UK trade balance released by the National...
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GBPJPY Recovers Sharply and Closes Gap
Key Points Yen opened the week with a gap higher against the British Pound due to the safe haven status and tensions in France. However, the GBPJPY pair managed to recover sharply during the London...
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Can GBPJPY Continue Moving Higher?
Key Points GBPJPY continued to trade in the negative zone, and as a result, there as a sharp downside reaction. The pair managed to sustain the downside around a bullish trend line formed on the...
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GBPJPY Might Break Down
Key Points British Pound surged higher against the Japanese Yen, and traded close to the 186.00 resistance area. There is an interesting looking triangle pattern formed on the hourly chart, which is on...
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GBPJPY Approaching 200 MA?
Key Points British Pound was seen trading higher during the past couple of sessions against the Japanese Yen. There was a bearish trend line formed on the hourly chart, which was broken to clear the...
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GBPJPY Looks Set for Declines
Key Points British Pound is trying hard to recover ground against the Japanese Yen, but facing sellers. The GBPJPY pair has a bearish trend line on the hourly chart, which is acting as a resistance. UK...
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GBPJPY – Look for Sells
Key Points British Pound found buyers near 164.00 against the Japanese Yen, and started correcting higher. There is a major bearish trend line formed on the 4-hours chart, which may stall gains moving...
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GBPJPY – Inverse Head and Shoulders In The Making?
Key Points British Pound traded higher and tested the 170.00 resistance area against the Japanese Yen. Sellers managed to defend the stated level and pushed the GBPJPY pair down. There is a chance of...
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GBPJPY – Can The British Pound Bounce?
Key Points British Pound is struggling to hold ground against the Japanese Yen after the UK PMI Construction economic release. Today, the UK PMI Construction was released by the Chartered Institute of...
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GBPJPY: More Downsides To Follow?
Key Points British Pound hammering continued this week, as it traded down against the US Dollar and the Japanese Yen. GBPJPY was down and looks set for a move towards the 159.00 area. In the UK, the...
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GBPJPY – Recovery Started For Bulls?
Key Points British Pound after collapsing against the Japanese yen found support near 154.70-80. The GBPJPY pair traded higher and moved above a couple of important bearish trend lines on the hourly...
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GBPJPY To Gain Further?
Key Points British Pound moved higher against the Japanese Yen, and it looks set for more gains. There is a bullish trend line formed on the hourly chart of the GBPJPY pair, which is acting as a...
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GBPJPY Eyeing More Gains?
Key Points British Pound managed to gain traction during the past couple of sessions not only against the US dollar, but also against the Japanese Yen. GBPJPY is following a nice bullish trend line on...
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GBPJPY – Japanese Yen Continue To Gain Bids
Key Points British Pound traded down very sharply against the Japanese yen, as the latter one gained bids after the events during the Asian sessions. There was a bullish trend line formed on the hourly...
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GBPJPY – Pound May Spike Higher Against Yen
Key Points British Pound traded sharply against the Japanese yen recently, but may recover moving ahead. There is a steep bearish trend line formed on the hourly chart of the GBPJPY pair, which might...
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GBPJPY To Continue Trading Higher?
Key Points British Pound climbed higher against the Japanese Yen, and looks set for more gains in the near term. There were a couple of bearish trend lines formed on the 4-hours chart of the GBPJPY...
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GBPJPY May Continue To Decline
Key Points British Pound faced a lot of selling pressure lately, not only against the US Dollar but also against the Japanese yen. There is a bearish trend line formed on the hourly chart of the GBPJPY...
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GBPJPY – Sell Near Gap Close Area?
Key Points British Pound tumbled against the Japanese Yen, as the latter one gained traction due to a drop in oil prices. The GBPJPY pair broke a bullish trend line formed on the hourly chart, which...
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