|Day's Range||134.56 - 135.014|
|52 Week Range||124.9300 - 147.9320|
The British pound fell during the trading session on Tuesday, testing the 50 day EMA against the Japanese yen. By doing so, it did in fact find some support.
Sterling weakened against the Dollar and most G10 currencies on Tuesday morning after UK economic growth figures massively undershot expectations by increasing a tepid 1.8% in May versus the 5% forecast.
The British pound rallied against the Japanese yen on Monday but we have given back those gains in order to continue the consolidation around the ¥135 level.
The British pound rallied during the week, but continues to face resistance at the crucial ¥135 level. Because of this, I am not overly excited about this pair.
British pound fell hard against the yen to kick off the session but found support at the 50 day EMA. We are forming a short-term range to determine where we go.
British pound has rallied significantly on Thursday again, reaching towards the 200 day EMA. It looks as if the British pound is ready to continue going higher.
British pound rallied against Japanese yen on Wednesday but ran into a lot of trouble at the ¥135 level again. We may get a little bit of a pullback.
The British pound broke higher on Tuesday against the Japanese yen. The ¥135 level is an area where a lot of people will be paying attention to
G10 currencies may bully the Japanese Yen this week as growing optimism over a swift economic recovery from the pandemic boost appetite for riskier assets at the expense of safe-havens.
British pound rallied a bit on Monday. This was helped by Chinese equities kicking off with the bank, bringing up the amount of risk appetite around the world.
The British pound rallied a bit during the week against the Japanese yen from an extremely low level. However, we are facing a significant amount of resistance.
The British pound of course was quiet during the Friday session against the Japanese yen as the United States was a way for holiday.
The British pound rallied slightly during the trading session on Thursday against the Japanese yen as traders continue to grind this market a bit higher.
The British pound has pulled back a bit during the trading session on Wednesday as the 50 day EMA has caused a bit of resistance.
The British pound initially tried to rally during the trading session on Monday but found quite a bit of resistance above will to turn around and find negativity.
The British pound has dropped just a bit during the trading session on Friday as we are drifting into the weekend and showing signs of exhaustion overall.
The British pound has rallied ever so slightly on Thursday, reaching towards the ¥133.50 level. At this point, we are stuck between a couple of technical levels
The British pound has gone back and forth during the trading session on Wednesday, as we continue to see the ¥133 level to offer a bit of a magnet in price.
Between current levels and the ¥107.50 level, there should be plenty of resistance, as the 50 day EMA comes into that same area.
The British pound rallied a bit during the trading session against the Japanese yen on Monday to kick off the trading week, rising from the ¥132 level.
The British pound tried to rally during the week, breaking above the ¥135 level before turning right back around. This is a market that is sensitive to risk.
The British pound went back and forth against the Japanese yen during the trading session on Friday, reaching down towards the ¥132 level.