Support at 142.37 is protecting the downside. As long as this key-support is able to protect the downside, the pair will grow and may reach the target at 144.55. This is where we are expecting red wave v and black wave iii to peak for a more prolonged correction in black wave iv. As black wave ii...
GBP/JPY is trying to lift up despite the lack of upside momentum. However, as long as minor support at 142.37 is able to protect the downside, we could see a final spike higher to the target at 144.55 to complete red wave v and black wave iii and set the stage for a larger and long-term correction...
GBP/JPY is in the final stage of red wave v and black wave iii. Red wave v will make a final pop to 144.55 to complete red wave v and black wave iii before starting a more long-term correction in black wave iv. As black wave ii was a simple zig-zag correction, we should expect a more complex...
GBP/JPY is consolidating before the next rally higher towards 143.25 and 144.55. Support at 141.70 will protect the downside for the next rally to 142.96 and 143.25 for the rally higher to 144.55. A break below 141.70 will be of concern, but only a break below support at 140.81 will indicate red...
GBP/JPY continues to rally after having tested resistance at 143.19. Minor sideways correction may advance to 144.55 - the ideal target for red wave v and black wave iii. Short-term support is seen at 142.77 and at 142.44 with key-support at 141.70. R3: 144.55R2: 143.87R3: 143.28Pivot: 142.77S1:...
GBP/JPY has edged higher after resistance at 141.74 was broken. The next major target to look for is 144.55. It is likely to mark the top of red wave v and black wave iii and set the stage for a prolonged correction in black wave iv to the support-zone between 139.30 - 140.35. However, we should...
GBP/JPY continues to move sideways in a narrow range between 140.87 - 141.74. We expect an ultimate break higher through resistance at 141.74 for a continuation of the uptrend towards 143.19 and 144.55. In the short-term, a break above minor resistance at 141.25 will indicate that the pair is...
GBP/JPY dipped a bit lower than the expected support-zone between 141.09 - 141.33. The low has been seen at 140.87. Despite the deeper correction, nothing has changed and a new attack on the resistance at 141.69 is expected shortly for a continuation higher towards 143.19 and 144.58 as the next...
GBP/JPY remains lock in a sideways correction below short-term important resistance at 141.69. However, it can be a matter of time before this resistance is broken before it starts to lift higher to 143.19 and 144.58 as the next upside targets. Support is seen at 141.33 and 141.09. This...
GBP/JPY is still consolidating just below resistance at 141.58 but it should just be a matter of time before this resistance is taken out for a continuation higher towards 143.19 and 144.58 as the next upside targets. Short-term support is seen at 141.36 and then at 140.90. We expect the later...
