The uptrend from 131.55 remains firmly in place. We expect support at 145.90 at most. 145.50 will be able to protect the downside for the renewed upside pressure through resistance at 147.00 that will call for a continuation towards 148.50 on the way to 151.50. A break below 145.50 will be of...
After a nice run higher from 144.90 GBP/JPY is consolidating. We expect support near 145.95 will be able to protect the downside for renewed upside pressure, through minor resistance at 145.63 and more importantly a break above resistance at 147.00 that will call for a continuation towards 148.50...
We continue to look for a clear break above minor resistance at 147.00 for a continuation higher towards 148.50 on the way to 151.50. Support is now seen at 146.25 which we expect will be able to protect the downside for a firm break above 147.00.R3: 148.05R2: 147.40R1: 147.00Pivot: 146.65S1:...
The GBP/JPY pair is currently testing important short-term resistance near 146.05 and a clear breakout above it will confirm that the corrective low is near 144.90 and renewed strength higher towards 147.00 and 148.50 should be expected in the coming weeks. Strong resistance will be found in the...
The extension of the Brexit deal to October 30 has given GBP a lift. We were looking for renewed GBP strength, but this extension should give GBP/JPY an extra push towards the upside. We are looking for a clear break above minor resistance at 146.05 to confirm a corrective low is in place near...
We continue to look for a break above minor resistance at 145.77 and more importantly a break above resistance at 146.00 that confirms more upside pressure towards 148.50 on the way towards 151.50. To shift the bias towards the downside a break below 144.90 is needed. Such a break will call for a...
The Brexit deadlock and general low volatility in the FX market keeps GBP/JPY locked in a narrow range. We continue to look for a break above resistance at 145.75 and more importantly a break above 146.55 that confirms more upside pressure towards 148.50 and 151.50. Only an unexpected break below...
The minor correction from 147.20 dipped just below the ideal 145.90 target (the low was seen at 145.65). We are now look for a break above 146.96 to confirm the next impulsive rally higher to 148.50 and 151.50 is developing. Only an unexpected break below key-support at 144.92 will shift the bias...
GBP/JPY is testing support at 145.90, which ideally will protect the downside for the next impulsive rally above 147.00 confirming a continuation higher to 148.50 and 151.50. Only an unexpected break below support at 144.92 will shift the bias towards the downside again for a decline closer to...
GBP/JPY has broken back above resistance at 145.50 indicating more upside pressure towards 148.50 and 151.50 as the target. Support is now seen at 145.90 with key support at 144.90 which should be able to protect the downside for the next move higher towards 148.50. Only an unexpected break below...
