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The outlook for the Pound-Yen exchange rate favours more upside as the pair continues the uptrend it began after the 132.000 December lows.
March 5,2019
The Dollar-Yen exchange rate (USD/JPY) has been recovering steadily in a rising channel since the January 3 lows and has now arguably established a short-term uptrend, however the big 111 figure is proving problematic for Dollar bulls.
February 28,2019
GBP/JPY is rising within what is probably a long bullish wedge pattern, this means if it breaks out above the top of the wedge it is destined to continue its rally to the upside, with much force.
February 26,2019
Our technical studies suggest GBP/JPY is rising in bull flag pattern which is likely to break considerably higher; the steep climb through January from the 130.69 lows constitutes the ‘pole’ part of the flag whilst the consolidation during February is the ‘flag square’.
February 13,2019
The Pound-to-Yen rate remains biased toward the upside, Pound Sterling Live technical studies suggest, even in the face of an ongoing rally from undervalued lows by the Japanese currency.
February 7,2019
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