Published at 14:30 (GMT) 21 Jan

GBPJPY

21 Jan GBP/JPY Daily
14::15 GMT - GBP's Weakened again today from short of 181 : market remains held off the Nov-Dec top, filling out the wide end-Oct rally range. We'd lean lower from here for range extension into 174.62, and a general decline into 172.00/ the 2014 range pivot. [NR]

R5: 188.15-55 9-Dec sell accel
R4: 187.75 * 29-Dec high
R3: 187.30 * 2-Jan high
R2: 181.05 early Nov-13 lows
R1: 180.92 * 8, 9-Jan highs
S1: 175.75 * 16-Jan low
S2: 175.00~ Jan & Jul tops
S3: 174.62 * 31-Oct low
S4: 172.00 * 2014 high volm
S5: 171.02 22-Oct low

Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte ("4Cast"). The material shall not, under any circumstances, be reproduced or distributed in whole or part without the prior written consent of 4Cast.

The material in this report is based upon information which 4Cast considers to be reliable and the analysis and opinion in the material represents the view of 4Cast at the time of transmission (unless stated otherwise). Such analysis and opinion is subject to change without notice. The material is intended for use by parties knowledgeable and experienced in the financial sector and is only one source amongst others to be considered in carrying on their business or activity.

ACCORDINGLY 4CAST MAKES NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED STATUTORY OR OTHERWISE (INCLUDING BUT NOT LIMITED TO) THE ACCURACY OF THE MATERIAL IN THIS EMAIL AND ON THE WEBSITE OR THE FITNESS FOR PURPOSE AND ALL SUCH REPRESENTATIONS AND WARRANTIES ARE HEREBY EXPRESSLY EXCLUDED.

4Cast does not give or purport to give investment advice. Any action taken by users on the basis of material on this website is entirely at their own risk. Independent investment advice should be sought where appropriate.

This email and the website may link to or be linked to other internet sites. 4Cast does not accept responsibility for the content of such other sites.

4Cast’s terms and conditions of business apply to all fee paying subscribers and authorised trial users.

View Full Disclaimer

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD keeps the red below 0.6400 as Middle East war fears mount

AUD/USD keeps the red below 0.6400 as Middle East war fears mount

AUD/USD is keeping heavy losses below 0.6400, as risk-aversion persists following the news that Israel retaliated with missile strikes on a site in Iran. Fears of the Israel-Iran strife translating into a wider regional conflict are weighing on the higher-yielding Aussie Dollar. 

AUD/USD News

USD/JPY recovers above 154.00 despite Israel-Iran escalation

USD/JPY recovers above 154.00 despite Israel-Iran escalation

USD/JPY is recovering ground above 154.00 after falling hard on confirmation of reports of an Israeli missile strike on Iran, implying that an open conflict is underway and could only spread into a wider Middle East war. Safe-haven Japanese Yen jumped, helped by BoJ Governor Ueda's comments. 

USD/JPY News

Gold price pares gains below $2,400, geopolitical risks lend support

Gold price pares gains below $2,400, geopolitical risks lend support

Gold price is paring gains to trade back below  $2,400 early Friday, Iran's downplaying of Israel's attack has paused the Gold price rally but the upside remains supported amid mounting fears over a potential wider Middle East regional conflict. 

Gold News

WTI surges to $85.00 amid Israel-Iran tensions

WTI surges to $85.00 amid Israel-Iran tensions

Western Texas Intermediate, the US crude oil benchmark, is trading around $85.00 on Friday. The black gold gains traction on the day amid the escalating tension between Israel and Iran after a US official confirmed that Israeli missiles had hit a site in Iran.

Oil News

Dogwifhat price pumps 5% ahead of possible Coinbase effect

Dogwifhat price pumps 5% ahead of possible Coinbase effect

Dogwifhat price recorded an uptick on Thursday, going as far as to outperform its peers in the meme coins space. Second only to Bonk Inu, WIF token’s show of strength was not just influenced by Bitcoin price reclaiming above $63,000.

Read more

Majors

Cryptocurrencies

Signatures