Recently, the GBP/JPY pair has been trading downwards. The price tested the level of 145.79. According to the H1 time – frame, I found that GBP/JPY in the bullish correction phase (bearish flag in creation), which is a sign that you should wait for confirmation before you sell. Watch for a...
GBP/JPY has recently broken below the corrective range support area of 147.00 from where the price is expected to push lower in the coming days. As of the recent worse economic reports of GBP, in the meantime, JPY gained good momentum in the process which is expected to lead to further bearish...
Recently, the GBP/JPY pair has been trading downwards. As I expected, the price tested the level of 146.50. According to the H1 time – frame, I found a fake breakout of the 15-day low at the price of 146.93, which is a sign that potentially the sellers might got trapped. My advice is to watch for...
Recently, the GBP/JPY pair has been trading downwards. The price tested the level of 147.70. According to the H1 time – frame, I have found the breakout of the support trendline in the background, which is a sign that sellers are in control. I also found potential creation of C wave (from ABC...
GBP/JPY has been volatile and corrective since the price rejected off the 149.50 area with an impulsive bearish daily close. JPY has been fundamentally quite solid recently which made the price climb against GBP, while GBP is showing weak performance in light of the recent economic reports.Today...
The Bank of Japan did not present any surprises at its September meeting, confirming its commitment to its previous course. Haruhiko Kuroda praised the moderate growth of the country's economy, but stressed that the current parameters of monetary policy will operate for a long time.The yen has...
GBP / JPYPlayers on the increase took advantage of the monthly Kijun (140.69) and currently forms an upward correction. The nearest support of this recovery for today is the daily short-term trend (143.43). In this situation, we can combine efforts to passed the minimum extremum level (143.17). As...
Recently, the GBP/JPY has been trading downwards. The price tested the level of 142.32. According to the M15 time – frame and using the fx correlator (strength indicator), I found the GBP is the strongest intraday currency and that JPY is one of the weakest currencies. I also found a rejection of...
GBP/JPY is approaching its support at 144.72 (100%, 100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement x2, horizontal overlap support) where it is expected to bounce up to its resistance at 146.95 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is...
On the 4 hour chart, GBP/JPY is now moving in an orderly manner at the downward sloping channel and below the 50-period moving average after testing the dynamic support. 50-period moving average will again try to test the nearest support at 145.42. As long as the price does not breakout and closes...
