Hits eight-year high on risk appetite improvement, bull’s eye 190.00

[ad_1] Share: GBP/JPY uptrend appears to be overextended, with the next major target set at the 190.00 psychological level, a peak not seen since September 2008. A successful breach of 190.00 could open the path towards the September 2008 high of 198.34, potentially even the 200.00 mark. On the downside, initial support is

Advances for the fifth day, secure 0.8700 as solid support

[ad_1] Share: EUR/GBP maintains its upward momentum, trading at 0.8731, as it solidifies the 0.8700 level as a crucial support. The pair shows a bullish bias, but a failure to surpass the 0.8755 high could invite bearish activity. Key levels to watch include resistance at 0.8800 and 0.8834, with support at the 200-DMA

NZD/JPY advances slightly but closes a losing week

[ad_1] Share: NZD/JPY rose nearly 0.10% towards the 89.245 area The cross continues to side-ways trades, slightly tilted to the downside. Bulls seem to be taking a breather after last week’s 3% gains. The NZD/JPY will close a 0.30% losing week around the 89.245 area, as investors are taking profits from the early

GBP/JPY heading towards 186.00 as dovish BoJ continues to crush the Yen

[ad_1] Share: The GBP/JPY is grinding towards 186.00 as Bank of Japan confirms dovish stance. BoJ to continue massive bond purchases despite new operations. GBP/JPY tips into a fresh 9-week high for Monday. The GBP/JPY continues to climb with the Japanese Yen (JPY) continuing to get pushed into the floorboards by the Bank

Holds steady above 160.00, as bull target 161.00

[ad_1] Share: EUR/JPY advance is tempered by proximity to the year-to-date high of 160.84, with a break above potentially signaling further gains. The threat of Japanese intervention has receded, providing room for the pair’s upward trajectory. Key support levels to watch include the Tenkan-Sen at 159.26 and a stronger confluence of support around

EUR/GBP tumbles to half-month low as Pound Sterling recovers

[ad_1] Share: The EUR/GBP is backsliding into 0.8660 as Pound Sterling sees a Friday rebound. EU Retail Sales, UK GDP on the back half of next week’s economic calendar. GBP the big winner for Friday. The EUR/GBP is skidding towards 0.8660 as the market heads into the closing bell for the week, and

EUR/GBP retreats from 5-month high as EU economy contracts

[ad_1] Share: EUR/GBP falls from a 5-month high of 0.8754, currently trading at 0.8705. Eurozone inflation drops to 2.9% in October, while GDP for Q3 misses forecasts, contracting by 0.1%. The Bank of England is expected to keep rates unchanged at 5.25% on November 2, as traders priced in rate cuts towards the

GBP/JPY sinks to a fresh weekly low near 181.00 to close out the week

[ad_1] Share: The GBP/JPY slipped back towards the 181.00 handle heading into the Friday close. The Yen is seeing recovery across the marketspace, sending the GBP down 1.3% from the week’s high. BoJ policy statement due next Tuesday, BoE rate call Thursday. The GBP/JPY twisted back into familiar low side territory for the