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20
Jan

GBP/JPY ticks up to near 212.40 ahead of UK employment data

The GBP/JPY pair edges higher to near 212.45 during the Asian trading session on Tuesday. The pair ticks up as the Japanese Yen (JPY) underperforms its peers, following the announcement of a snap election by Japan’s Prime Minister (PM) Sanae Takaichi on Monday. Japanese Yen Price Today The table below shows the percentage change of […]

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19
Jan

EUR/GBP gathers strength above 0.8650 as ECB signals steady rates

The EUR/GBP cross gains traction to near 0.8675 during the early European trading hours on Monday. The Euro (EUR) edges higher against the Pound Sterling (GBP) as the European Central Bank (ECB) signaled it is on a steady rate path for now, with no near-term debate on further rate changes if current economic projections hold. The ECB has kept rates on […]

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09
Jan

GBP/JPY rises to near 211.30 as Japanese Yen underperforms across the board

The GBP/JPY pair moves higher to near 211.30 during the late Asian trading session on Friday. The pair gains as the Japanese Yen (JPY) underperforms its peers, with ongoing trade tensions between Japan and China offsetting Tokyo’s unexpectedly strong Overall Household Spending data. Japanese Yen Price Today The table below shows the percentage change of […]

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08
Jan

GBP/USD flat lines above 1.3450 as traders eye US jobs data

The GBP/USD pair trades on a flat note around 1.3465 during the early European trading hours on Thursday. Markets turn cautious as traders await the upcoming key US economic data this week. The weekly US Initial Jobless Claims report is due later in the day ahead of the highly anticipated Nonfarm Payrolls (NFP) reading.  The US jobs data […]

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08
Jan

EUR/GBP recovers to near 0.8680 as investors brush off soft Eurozone HICP data

The EUR/GBP pair recovers its early losses and trades marginally higher to near 0.8680 during the late Asian trading session on Thursday. The pair gains as investors brush off soft Eurozone preliminary Harmonized Index of Consumer Prices (HICP) data for December. Eurostat reported on Wednesday that the headline HICP grew at an annualized pace of 2%, as expected, slower […]

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08
Jan

GBP/JPY struggles below 211.00 as flight to safety benefits JPY; lacks bearish conviction

The GBP/JPY cross struggles to build on a modest Asian session uptick on Thursday and currently trades near the lower end of its daily range, just below the 211.00 mark. Spot prices, however, lack follow-through selling, warranting some caution before positioning for an extension of the recent pullback from the 212.15 region, or the highest […]

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06
Jan

GBP/USD Price Reaches fresh three-month highs above 1.3550

GBP/USD extends its gains for the second successive session, trading around 1.3560 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias. The 14-day Relative Strength Index (RSI) reached 69.29, near overbought. If the RSI extends into overbought territory, the pair could consolidate before resuming the trend. […]

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06
Jan

GBP/JPY Price Forecast: Looks set for fresh rally above 212.20

The GBP/JPY pair posts a fresh multi-year high at 212.15 during the Asian trading session on Tuesday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board, even as Bank of Japan (BoJ) Governor Kazuo Ueda has signaled that there will be more interest rate hikes in the near term. Japanese Yen […]

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06
Jan

EUR/GBP flat lines near 0.8650 ahead of German CPI inflation release

The EUR/GBP cross trades on a flat note near 0.8655 during the early European trading hours on Tuesday. However, the potential upside for the cross might be limited as the Bank of England (BoE) guided that the monetary policy will remain on a gradual downward path, lifting the Pound Sterling (GBP). The preliminary reading of the German […]

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05
Jan

GBP/USD Price Forecast: Falls toward 1.3400 near 50-day EMA

GBP/USD extends its losses for the second successive session, trading around 1.3420 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the 14-day Relative Strength Index (RSI) at 53 (neutral) has eased from near overbought, indicating that momentum has cooled while remaining above the midline. RSI holds above 50, […]

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