Well defined Pennant forms during period of consolidation. Brexit jitters halt sterling rally. Dovish BoJ pressures Yen. A pennant pattern has formed on the GBP/JPY daily chart. A well defined ...

Even in South Africa, GBP/JPY is a common choice among active traders, largely because of its strong price movements and liquidity. Yes, there are other, perhaps safer options like gold and USD/ZAR, ...

The market can be expected to ease into the Easter break with consolidation patterns. EUR/USD for example is held under 1.4650 and above 1.4531. The GBP/USD is also consolidating after a strong push ...

GBP/JPY may find primary barrier at 199.97, the highest since July 2024. The 14-day Relative Strength Index holds above the 50 level, indicating sustained bullish momentum. The immediate support ...

The GBP/USD currency pair rose again last week to reach a new 2.5-year high price above $1.3400 before giving up much of its gains. The weekly price chart below shows it is in a long-term bullish ...

Bottom Line I see the best trading opportunities this week as: -- Short of the USD/JPY currency pair following a daily close below ¥140. -- Long of Gold in USD terms. -- Short of the 2-Year US ...