British Pound Forecast: GBP/USD, GBP/JPY Levels to Watch Ahead of BoE
2021-05-03 02:00:00
Daniel Moss,
Analyst
British Pound, GBP/USD, GBP/JPY, IGCS, Bank of England – Talking Points:
The British Pound looks set to extend gains against its haven-associated counterparts ahead of the BoE rate decision.
GBP/USD rates perched constructively above the trend-defining 55-EMA.
GBP/JPY tracking within the confines of an Ascending Channel.
The British Pound slid lower against its haven-associated counterparts at the end of April, on what appeared to be month-end rebalancing by market participants. With bullish technical formations still in-tact, GBP looks set to continue gaining ground against JPY and USD ahead of the Bank of England’s rate decision on May 6.
British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher
2021-04-27 07:00:00
Daniel Moss,
Analyst
British Pound, GBP/USD, UK Reopening, Coronavirus Infections, Vaccination Rates – Talking Points:
Climbing coronavirus case numbers in several Asian nations weighed on risk appetite during APAC trade.
Reopening optimism may drive the British Pound higher against its major counterparts in the near term.
GBP/USD poised to extend gains as price remains constructively positioned above key support.
Asia-Pacific Recap
Equity markets lost ground during Asia-Pacific trade as climbing coronavirus infections in several Asian nations weighed on risk appetite. Australia’s ASX 200 (-0.22%), Japan’s Nikkei 225 (-0.31%), and China’s CSI 300 (-0.18%) all slid lower, while Hong Kong’s Hang Seng Index (0.12%) traded marginally higher.
British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb 2021-04-14 03:30:00 Daniel Moss, Analyst
British Pound, GBP/USD, GBP/JPY, Symmetrical Triangle, IGCS – Talking Points:
The British Pound’s recent weakness against its haven-associated counterparts may prove to be short-lived.
GBP/USD poised to extend gains as prices consolidate above key support.
The British Pound has drifted lower over the last couple of weeks against the haven-associated Japanese Yen and US Dollar. However, longer-term technical setups suggest that this period of weakness may prove short-lived. Here are the key levels to watch for GBP/USD and GBP/JPY rates.
British Pound Price Forecast: GBP/USD, GBP/JPY, GBP/CHF, EUR/GBP 2021-03-03 03:00:00 Daniel Moss, Analyst
British Pound, GBP/USD, GBP/JPY, GBP/CHF, EUR/GBP – Talking Points:
GBP/USD eyeing a retest of the yearly high.
Ascending Schiff Pitchfork guiding GBP/JPY higher.
Ascending Triangle break hints at further gains for GBP/CHF. Advertisement
The British Pound slipped lower against its major counterparts at the tail-end of February, with the Euro, Japanese Yen, Swiss Franc and US Dollar gaining ground against the currency. However, this recent weakness may prove short-lived. Here are the key levels to watch for GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP.
Japanese Yen Price Action Setups: AUD/JPY, NZD/JPY, USD/JPY 2021-02-08 03:00:00 Daniel Moss, Analyst
Japanese Yen, AUD/JPY, NZD/JPY, USD/JPY, IGCS – Talking Points:
AUD/JPY eyeing fresh yearly highs after breaching range resistance.
An ascending Schiff Pitchfork may continue to guide NZD/JPY higher. Advertisement
The Japanese Yen is at risk of extending recent losses against its major counterparts, as rising inflation expectations, the prospect of additional fiscal stimulus and positive vaccine progress weighs on the haven-associated currency. Here are the key levels to watch for AUD/JPY, NZD/JPY and USD/JPY in the week ahead.