GBP/JPY remains locked below short-term important resistance at 129.31 which is the divider between a bottom likely being in place or more downside to come. Time is running out for GBP/JPY to break above the pivot-point at 129.31 adding confidence in a low being in place at 126.54 for a rally...
GBP/JPY remains locked below the short-term important resistance at 129.31. If the pair breaks this resistance, a long-term low at 126.52 looks quite possible. Minor support at 127.70 is currently being tested and expected to withstand the pressure for a break above minor resistance at 128.67 and...
We have seen a rally of the 126.75 low. However, we still need a clear break above minor resistance at 129.31 and more importantly, a break above resistance at 130.06. At present, the pair is building a bottom. So, for now, we should expect minor support at 127.70 that can protect the downside for...
GBP/JPY is trying to build the bottom. However, a break above minor resistance at 128.32 and more importantly a break above resistance at 130.06 will confirm that a long-term low is in place and a new impulsive rally is likely to happen. As long as minor resistance at 128 32 is able to cap the...
GBP/JPY continues to move lower and the clear break below 127.93 has extended the decline closer to the 126.19 - 126.31 area and maybe even closer to 125.48 before a firm low is in place. The first strong indication of a bottom being in place is a break back above minor resistance at 128.32 while a...
GBP/JPY remains locked in a narrow band between 128.09 - 130.23. As long as the short-term important resistance at 130.23 is able to cap the upside, we could see a final dip closer to our ideal target at 127.93 to complete the corrective decline from 148.87. Once the low is in place and the...
We have not seen any development in the last 24 hours. GBP/JPY remains locked in a narrow band from 128.14 to 130.23. As long as the short-term important resistance at 130.23 is able to cap the upside. A final dip to our ideal target at 127.93 still can be seen, but from here or upon a direct break...
GBP/JPY is still hovering below short-term important resistance at 130.23. As long as this minor resistance is able to cap the upside GBP/JPY still could see a final dip to just below 128.09 closer to our ideal target at 127.93 before turning higher again. A direct break above minor resistance at...
GBP/JPY fell to a low of 128.39 just sky of our ideal target at 127.93. The following rally of the 128.39 low looks solid. However, firstly, it needs to break clearly above minor resistance at 130.23 to indicate a long-term low. This also means, that as long as minor resistance at 130.23 is able to...
GBP/JPY is heading for the 127.93 target. We expect a bottom to form here and set the stage for a new impulsive rally that will take us much higher in the longer term. The first strong indication of a bottom being in place is a break above minor resistance at 130.23, while a break above resistance...
