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...
If we look at the 4-hour chart on GBP/JPY, we know that the price has changed its direction to bearish since this pair had broken out and closed below the 21-period Moving Average. At present, this pair is going to test the next Fibonacci 78.6% support at 144.94 as long as the price has not made...
From the 4-hour chart, we can see clearly that the GBP/JPY pair is moving in a bullish bias. This has already been spotted by the price above the 21-period moving average. However, there is a possibility for this pair to make correction to 146.09 in the short term. As long as the price does not...
The GBP/JPY at the 4-hour charts now moving in a Sideways condition with a Bearish pressure as long as they not break out and close above the 146.62 this pair will going down to test their nearest Support level at 145.16.(Disclaimer)The material has been provided by InstaForex Company -...
If we look at the 4-Hour Charts of the GBP/JPY pair, we will see clearly that this pair already moves in Bearish bias, this already indicated by the price moving in a down slope channel and bellow the Exponential Moving Average Periode 200 but seems in a few days ahead as long as they not break out...
GBP/JPY is approaching its ascending support line at 144.98 (61.8% Fibonacci extension, 76.4% & 78.6% Fibonacci retracement, horizontal swing low support) where we expect the price to bounce up from there, to its resistance at 146.60 (61.8% Fibonacci retracement, horizontal swing high...
GBP/JPYPlayers on the rise and could not continue to climb. As a result, as expected, by the end of the week, opponents benefited from the weakness of the bulls. At the moment, the support of the daytime Kijun (146.57) is met. Strengthening bearish sentiment and continuing decline, the following...
