GBP/JPY dipped slightly below the ideal support at 142.63 (the low was seen at 142.44). Renewed upside pressure is is now expected for a break above resistance at 143.34 that will yield a continuation higher to 144.18 and 144.84 on the way towards the extension target at 151.50. Support is now seen...
GBP/JPY has now broken above minor resistance at 142.63 confirming that wave iv/ completed with the test of 141.12 and wave v/ higher to 151.50 now is developing. The first hurdle to look for is seen at 144.18, but a clear break above here will just add to our preferred count that wave v/ is...
Nothing really have changed here. After a day of narrow range-trading, we continue to look for a break above minor resistance at 142.63 to confirm that wave iv/ has completed and wave v/ higher towards 151.50 is developing. That said, we need to be aware, that as long as minor resistance at 142.63...
The corrective decline from 144.84 as extended in time and points, but it look as wave iv/ completed with the dip to 141.10 and wave v/ higher towards 151.10 is ready to take over. Short-term a break above minor resistance at 142.63 will be a strong indication that wave iv/ has completed and wave...
GBP/JPY is approaching resistance at 146.02 (50%, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to drop to its support at 141.83 (50% Fibonacci retracement, horizontal pullback support).Stochastic (21, 5, 3) is approaching resistance.GBP/JPY is approaching its...
With the break below Key support at 142.69 a decline to maximum 142.22 should be seen. Support at 142.22 needs to protect the downside, or I will need to make a re-count of the short-term countUnder the expectation that support at 142.22 Will protect the downside for a break above 143.21 to confirm...
Key support at 142.69 has protected the downside and is expected to continue to do so. The corrective decline to 142.69 has been followed by a possible hidden divergence. This normally indicates a powerful rally will follow once the corrective decline is complete. A break above minor resistance at...
Support at 143.40 gave away for a dip to the key support at 142.69, which has protected the downside and is expected to continue to do so. The corrective decline to 142.69 has been followed by a possible hidden divergence. This normally indicates a powerful rally will follow once the corrective...
GBP/JPY is now testing support at 143.40 ideally this support will be able to protect the downside for a continuation higher to 146.10 and onwards to the 161.8% extension target at 151.90. Should support at 143.40 be broken, the key support is seen at 142.69, which must hold firm to keep the...
GBP/JPY continues to rally as expected. It respects the uptrend from 130.70 nicely and the next upside target to look for is seen at 146.10 as wave iii extends to the 161.8% extension target of wave i at 151.90. Support is now seen at 143.40 with key support at 142.69.R3: 146.10R2: 145.30R1:...
