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,...
GBP/JPY has corrected to a low of 147.37 in the upper range of our target-area between 146.41 - 147.72. The following test of resistance at 149.17 has been weak, which could indicate a second dip into this correction-area before the next real rally higher.Only a clear break above resistance at...
GBP/JPY peaked at 150.44 just above our ideal target at 150.27 and we have already seen a decline into the expected target area between 146.41 - 147.72. The ongoing correction should only prove to be a temporary set-back in the long-term uptrend where we are looking for a major upside target near...
GBP/JPY is testing the next minor upside target near 150.28 which we expect will be able to cap the upside temporarily for a correction into the support-area between 146.41 - 147.72 from where a new impulsive rally higher to 154.99 is expected. Short-term we see minor support at 149.15 and a break...
Let's take a look at the technical picture of NZD/USD, AUD/USD, EUR/GBP and GBP/JPY on the daily time frame chart.The material has been provided by InstaForex Company - www.instaforex.com
GBP/JPY has been accelerating higher without time for even the smallest correction, but we are getting close to the 161.8% extension target for wave iii/ at 150.79. This should ideally cap the upside for a correction in wave iv/ towards 146.64 and ideally closer to 144.04 before turning higher in...
There was no time for the expected correction in blue wave iv/ to correct in a simple manner, but we think a more complex correction is unfolding in blue wave iv/ and expect resistance near 147.97 to be able to cap the upside for a deeper correction closer to 145.28 before blue wave v/ is ready to...
GBP/JPY seems to have completed blue wave iii/ at 147.57 or just above the 50% target at 147.27 and we are looking for a correction in blue wave iv/ towards 145.12 and maybe slightly lower before the next push higher towards the 150.27 as the next minor upside target. Ultimately we are looking for...
GBP/JPY continues to push higher and is currently testing resistance at 147.28 and could as long as minor support at 146.36 is able to protect the downside continue higher to resistance at 147.91. We are looking for a temporary top in the 147.28 - 147.91 area for a correction closer to 145.12...
