Minute operational scale (Daily)
What will the main cross-instruments perform in August? Options for the development of the movement of EUR/GBP & GBP/JPY & EUR/JPY in the daily timeframe from August 6, 2020.____________________
Euro vs Great Britain pound
From August 6, 2020, the...
We continue to look for a final push higher to 140.35 to complete blue wave iii and set the stage for a temporary sideways correction in blue wave iv towards 137.92 before the pair will rise to 141.86 and possibly even closer to 144.29 as the next major upside target. Support is seen at 137.92 and...
GBP/JPY should continue rising to resistance at 140.35 to complete blue wave iii and set a stage for a temporary correction towards 137.74 before entering a new impulsive rally higher towards 144.29 on the way towards 148.32.Support is currently seen at 138.34 and again at 137.74. R3: 140.35R2:...
GBP/JPY broke above resistance at 137.85 as was nothing there to protect the upside. With the break above 137.85, we are looking for a test of the former peak at 139.80. This resistance might be able to halt the rise temporary, but it should only be a matter of time before the pair moves higher to...
GBP/JPY is ready to test the resistance line near 137.85 and break above here. If so, it will rise higher to 139.80 as the next upside target. However, in the longer-term, we are looking for much more upside pressure and a rally to 148.32. Support at 136.07 will be able to protect the downside for...
Minute operational scale (H4)
What will the main currency pairs present to us at the beginning of August - options for the development of the EUR/GBP & EUR/JPY & GBP/JPY movement in the H4 timeframe from July 30, 2020?____________________
Euro vs Great Britain pound
From July 30, 2020, the...
On the 4 hour chart, we can see that the GB/JPY pair is moving upslope. It is trying to reach the 136.44 - 136.60 levels. Please, pay attention to the 135.39 level. This scenario is unlikely to occur if the pair declines and closes bellow 135.39.
The overall bias for GBP/JPY is...
GBP/JPY corrected to a low of 134.97 or just below our second corrective target at 135.09. This should be enough for the next impulsive rally above 135.92 for a rally towards 139.80 as the next major target. Support is now seen at 135.35 and again at 134.97 that should be able to protect the...
Minute operational scale (H4)
How will the main currencies behave in relation to each other - options for the development of the movement of EUR/GBP & GBP/JPY & EUR/JPY in the H4 timeframe from July 24, 2020.____________________
Euro vs Great Britain pound
From July 24, 2020, the...
GBP/JPY has broken the first minor resistance at 135.92. It is likely to rise to 139.80 and break above this resistance too. Support is now seen at 135.52 and again at 135.09. The pair may break above 135.92 climbing higher towards 139.80. R3: 138.50R2: 137.30R1: 135.92Pivot: 135.71S1: 135.52S2:...
