GBP/JPY is likely to see a short-term peak at 141.50 and a correction towards strong support near 135.67. Over the last couple of days, we have seen a clear loss of upside momentum and yesterday long unfavorable candle ending the day near the open (a shooting star) also indicating a short-term peak...
GBP/JPY continues to push higher having tested resistance at 140.06 (the high has been seen at 140.10). We see a clear loss of short-term upside momentum. It could indicate that a correction towards 135.71 soon will be seen. That said, we must remember that wave three is rising higher and...
GBP/JPY has rallied as we expected and has tested our 139.15 target (the high has been seen at 139.32). Some minor drops may occur. However, another run higher towards 140.06 and maybe even closer to 142.91 (less likely thus) is expected before a minor peak and correction close to 135.67 looks...
We have seen the expected correction lower, but only to a low of 135.47 (just above our ideal target at 135.15). The dip to 135.47 could be enough and GBP/JPY could be ready to engage in the next rally higher towards 137.83 on the way to 139.15. Support is now seen at 136.21 and then at 135.47...
GBP/JPY has accelerated higher and should continue its upside progress after a minor correction towards 135.15 from where renewed upside pressure is expected for a rally towards 139.15 and 144.98 as the next upside targets. In the longer term, the minimum target is seen at 160.12 but it could...
GBP/JPY is accelerating higher and the break above 132.24 is a clear indication that red wave ii finally has completed and red wave iii towards 139.15 now is developing. Support is now seen near 133.31 which is expected to protect the downside for a continuation higher to the solid resistance at...
GBP/JPY is respecting the support-line from 126.67 nicely, but we need a clear break above short-term key-resistance at 132.24 to confirm that red wave ii finally has completed and red wave iii is developing towards 139.15. That said, the rally of the 130.40 is not a clear cut impulsive move, so we...
Renewed uncertainty regarding Brexit whether it will be a hard or soft exit from the EU, has once again pushed GBP lower. Despite a clear loss of downside momentum, our long-term ideal target at 130.78 has been broken and a low has been seen at 130.40. Even though 130.78 has been broken, we still...
GBP/JPY is currently testing short-term important resistance at 132.05. A clear break above here will indicate that red wave ii likely complete with the test of 131.20 and red wave iii higher towards 139.15 already is developing. To confirm that red wave ii has completed, we need a break above...
GBP/JPY is expected to reach our target at 130.78 before turning higher but we are starting to see a real loss of downside momentum. The low ,for now, has been 131.20 and a final dip closer to our ideal target remains a possibility as long as minor resistance at 132.05 is able to cap the upside. A...
