GBP/JPY peaked at 142.34 before the expected correction into the support-area between 141.06 - 141.29 was seen. GBP/JPY saw a perfect test of the bottom of this support-area and should now be headed higher again to above the minor peak at 142.34 as the underlying uptrend gathers upside momentum....
GBP/JPY continues to push higher. It will likely meet a ceiling near 141.97 for a correction towards 141.29 and ideally closer to 141.06 before taking off again towards 142.72 and closer to the next major target at 147.96. Key-support is seen at 140.33.R3: 142.26R2: 142.14R1: 141.97Pivot: 141.71S1:...
The correction in green wave ii/ held nicely above short-term key support at 140.34. The following rally of the 140.36 low is strong a does look impulsive in nature indicating more upside pressure after a temporary set-back into the 140.81 - 140.96 support-area. Ultimately we will be looking for a...
The break below 141.38 demonstrates that the push to 142.26 cannot be green wave iv, but rather a green wave i/, and the ongoing decline is green wave ii/. We expect that short-term key-support 140.31 will be able to protect the downside for a break above minor resistance at 141.09 indicating that...
After a nice push higher GBP/JPY is currently in a small consolidation before the next impulsive push higher towards 142.72 and ultimately above here too for a continuation higher to 147.96 as the next major upside target.Key-support remain seen at 140.31, but we doubt that support at 141.24 will...
Patience pays off and GBP/JPY is finally on the move again towards the 142.72 target. The resistance at 142.70 could cause a temporary minor set-back, but ultimately we expect the 142.70 target to be broken for a continuation higher towards 156.61 as the next major upside target. Ideally support at...
GBP/JPY has jumped to new highs after the Brexit deal finally was agreed in late December. This has paved the way for GBP/JPY to continue to push higher towards the 142.72 target and a break above here confirms a continuation higher towards 147.96 as the next major upside target. Short-term...
An imminent Brexit deal provided a strong boost to the GBP/JPY on Thursday.GBP/JPY gained strong positive traction for the second consecutive session on Thursday.The underlying bullish sentiment undermined the safe-haven JPYThe GBP/JPY cross built on the previous day's strong positive move and...
GBP/JPY failed to break above short-term key resistance at 140.35 for a continuation higher to 142.72. The failed attempt to break above the key-resistance continues to GBP/JPY in a 136.95 - 140.35 range. Ultimately we expect a break above key-resistance at 140.35 but with the potential risk of a...
Let's take a look at the technical picture of GBP/USD, GBP/JPY and EUR/GBP after the travel ban on UK was introduced on flights, trains and ferries.The material has been provided by InstaForex Company - www.instaforex.com
