GBP/JPY plunges below 158.00 as UK recession fears strengthen
- ByFXStreet-
The GBP/JPY pair is facing an intense sell-off after the release of the UK inflation on Wednesday. A broad-based weakness has been observed in the pou
Symbol | Exchange | Currency |
|---|
The GBP/JPY pair is facing an intense sell-off after the release of the UK inflation on Wednesday. A broad-based weakness has been observed in the pou
At 158.20, BP/JPY is down some 2% at the time of writing as risk appetite fades due to concerns about the outlook for global economic growth and risin
GBPJPY falls back below its 200 hour moving averageThe GBPJPY is the biggest mover on the day with the pair now down -1.26% on the day. The move lower comes after 3 days of...
The commonality to currency markets is the battle lines are drawn between non USD pair prices sitting on massive and solid supports while USD, as in DXY, USD/JPY, USD/CHF and...
GBPJPY is confronting the 159.69 barrier, which is the 50.0% Fibonacci retracement level of the uptrend from 150.96 until the multi-year high of 168.42, which failed to close north...
Most traders are aware of the rout that the US dollar is carving into the Japanese yen and the British pound. Since the beginning of March 2022, the USD has appreciated against the...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Strong Buy | Strong Buy | Buy | Neutral | Strong Buy |
| Technical Indicators | Strong Buy | Strong Buy | Strong Buy | Sell | Strong Buy |
| Summary | Strong Buy | Strong Buy | Strong Buy | Neutral | Strong Buy |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Completed Patterns | |||||
| Three Outside Up | 30 | 1 | May 25, 2022 03:00AM | ||
| Engulfing Bullish | 30 | 2 | May 25, 2022 02:30AM | ||
| Abandoned Baby Bearish | 1W | 4 | Apr 24, 2022 | ||
| Evening Doji Star | 1W | 4 | Apr 24, 2022 | ||
| Evening Star | 1W | 4 | Apr 24, 2022 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Wed, May 25, 2022 | ||||||
| 01:00 | JPY | 0.70% | 0.20% | |||
| 01:00 | JPY | 0.70% | 0.90% | |||
| 01:00 | JPY | 100.80 | 100.10 | |||
| 07:05 | JPY | |||||
| 07:05 | JPY | |||||
| 11:15 | GBP | |||||
| 19:50 | JPY | 1.50% | 1.30% | |||
| 19:50 | JPY | 370.80B | ||||
| 19:50 | JPY | -342.90B | ||||
| Thu, May 26, 2022 | ||||||
| 19:30 | JPY | 2.00% | 1.90% | |||
| 19:30 | JPY | 2.50% | ||||
| 19:30 | JPY | 0.40% | ||||
Bank of England(BOE) | ||
| Current Rate | 1.00% | |
| Chairman | Andrew Bailey |
Bank of Japan(BOJ) | ||
| Current Rate | -0.10% | |
| Chairman | Haruhiko Kuroda |