The GBP/JPY cross loses momentum during the early European session on Wednesday. The British Pound (GBP) faces some selling pressure following the sof
ter-than-expected economic data from the UK. The market mood remains cautious as investors await the Bank of England on Thursday. The cross currently trades near 182.65, losing 0.31% on the day.
From the technical perspective, the GBP/JPY cross trades within the descending trend-channel since the middle of August. The cross holds below the 50- and 100-hour Exponential Moving Averages with a downward slope on the four-hour chart, highlighting the path of least resistance for the cross is to the downside.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
GBP/JPY remains flat below the 183.00 mark, BoE, BoJ rate decision eyedThe GBP/JPY cross oscillates in a narrow range below the 183.00 area during the early European session on Tuesday. Markets participants await the Bank
Lire la suite »
GBP/JPY floundering as BoE looms ahead, UK interest rates set to rise once moreThe GBP/JPY is pinned to the low end through Monday’s trading, failing to establish bullish momentum and sliding into familiar bearish territory below
Lire la suite »
GBP/JPY falling back to 183.00 as markets await BoE, Japan Trade BalanceThe GBP/JPY is retesting the 183.00 handle after failing to recapture the 183.50 level in Tuesday trading. The Pound Sterling (GBP) is trading softly
Lire la suite »
GBP/JPY trades with modest intraday losses, just above 183.00 ahead of UK CPIThe GBP/JPY cross attracts some sellers near the 50-day Simple Moving Average (SMA) during the Asian session on Wednesday and erodes a part of the pre
Lire la suite »
GBP/USD Price Analysis: Hangs near multi-month low, seems vulnerable below 200-day SMAThe GBP/USD pair continues with its struggle to gain any meaningful traction and languishes near its lowest level since early June touched on Monday.
Lire la suite »
USD/MXN Price Analysis: Pares gains below 17.1350, Fed decision eyedUSD/MXN retraces the previous day’s gains, trading lower around 17.1040 during the European session on Tuesday. Investors caution ahead of the US Fede
Lire la suite »