GBP/JPY made a new low for red wave ii at 149.10. It is holding above the low of red wave i at 148.46. It may continue to do so, as we will be looking for a break above minor resistance at 151.00 and more importantly a break above resistance at 151.93. If so, it will confirm that red wave ii has...
GBP/JPY is expected to continue higher towards the long-term target seen at 159.75. Short-term, we would like to see a break above resistance at 153.49 as confirmation that the final rally towards 159.75 is in motion. Short-term, we expect a minor set-back to the 151.20 - 151.32 support-area before...
GBP/JPY continues to push higher, but looks a bit tired and likely will see a minor set-back to 151.52 near-term before the next real push higher through resistance at 153.49 for a continuation higher to 156.04 and the ideal wave v/ target at 159.75. A test of 159.75 will complete wave iii and set...
We continue to look for renewed upside pressure through minor resistance at 153.48 to call for the next impulsive rally towards the next upside target seen at 159.75 to complete wave v/ of iii and set the stage for a temporary correction/consolidation in wave iv before the next rally higher....
GBP/JPY is still holding above the July 20 low at 148.46 and as long as this low holds. We will continue to look for more upside pressure through resistance at 153.49 for the final rally towards the 159.75 target to complete wave iii. Only a break below support at 148.46 will invalidate our bullish...
Let's take a look at the technical picture of GBP/USD, GBP/JPY, EUR/JPY and AUD/USD.The material has been provided by InstaForex Company - www.instaforex.com
GBP/JPY could break above short-term key resistance at 153.49 anytime now. A break above this resistance will confirm the expected rally higher to 159.75 in wave v/ of iii to complete the impulsive and extended wave iii and call for a correction in wave iv. But for now our focus remains on...
GBP/JPY is testing short-term resistance at 153.49 and a break above here will confirm that wave v/ of III is in motion towards the long-term target at 159.75. This will complete wave III and set the stage for a more prolonged correction in wave iv. Now, it is recommended to focus on the upside and...
GBP/JPY is continuing higher and has broken above the former peak at 150.44 indicating more upside pressure towards the next major target seen at 156.60. On the way higher resistance will be seen near 152.53 and 153.84. We expect the blue wave i - v series to complete near 152.53 and set the stage...
GBP/JPY has cleared minor resistance at 149.17, but without the real conviction we where looking for. That said, we will continue to look for more upside progress as long as minor support at 148.10 is able to protect the downside. The first minor upside target is seen at the former peak at 150.44,...
