Dear Traders, The GBP/JPY has formed bearish pattern (small rooftop) at the resistance zone 135.90-136.05. The price was been dropping during the Tokyo Session and we might see a continuation
Dear Traders, After yesterday’s fakeout move caused by algo traders trading on the Brexit news, the GBP/JPY went exactly as planned.
Dear Traders, The POC zone shows a nice confluence between D H3 and D H4 Pivot Points. We might see a retracement before another drop.
Dear Traders, The GBP/JPY has reached the POC zone so we might see a bounce. Bounce is possible only if the pair makes a bullish reversal formation.
Hi traders, the GBP/JPY was unable to break above the resistance trend line (red), which makes it likely that price has completed the bullish wave 1 (pink) price swing at
Dear Traders, The GBP/JPY is bearish and we can see a potential for further losses. However any Brexit headline could spike the price up so be careful.
Hi traders, The GBP/JPY has formed a bullish zigzag. W L3 camarilla pivot along with a confluence of price action tools ( T-89, Engulfer, BB) suggest further upside.
Hi traders, The GBP/JPY shows a clear uptrend with multiple bouncing spots signaled by Camarilla MTF. Both arrows and diamonds show confluence spots and successful rejections (automated).
Hi traders, The GBP/JPY has made a retracement to the POC zone but important news is expected today. UK Prime minister Theresa May is to set out her ‘Plan B’
Hi traders, The GBP/JPY is making a nice bearish zigzag that indicates the equilibrium with the current trend. New rejections are possible.
Hi traders, The GBP/JPY has made a nice bearish move in the wake of Brexit negotiations where each news makes a volatile move in the whole GBP basket.
Hi traders, The GBP/JPY has made a strong uptrend move and at this point we see a consolidation. Next bullish impulse is possible.
Hi traders, The GBP/JPY has been performing at the top of the range since Sep 20. As long as W L3 holds, the bulls are in control.
Hi traders, The GBP/JPY broke above the triangle pattern and is showing very strong bullish momentum. Price is likely to continue higher due to the impulsive bullish price action but
Hi traders, The GBP/JPY made a bearish breakout below the support trend line (dotted green) which seems to be confirming a bearish wave C (orange).
Hi traders, GBP/JPY developed a bullish momentum last week… It seems that this price action was developing a bullish wave 4 correction pattern, and I think that bearish wave 5
Hi traders, In my last article about GBP/JPY pair, we expected the bullish momentum of wave 4 correction to take place … It seems that this price action completed the
The GBP/JPY has bounced from support and it is getting close to W H3 level. Pay attention to W H3 – 148.51 as the price could make a breakout or
Hi traders, GBP/JPY developed a bearish price action during the last few weeks… It seems to me that pair has completed 3 waves down and the currency pair is now about
Dear Traders, The EUR/USD is testing a key support zone, which is decisive decision zone. A bullish break above the local resistance at 1.2350 could restart the uptrend and send
Dear Traders, the USD/JPY is at a critical 50% Fibonacci level which could be a key bouncing spot for a long-term uptrend. The key factors are whether price will break
Dear Traders, the Great British Pound (GBP) is struggling at the moment as its rebound up seems corrective in nature. Also the Japanese Yen (JPY) is unable to continue with
Dear Traders, a new trading week is ahead of us and the Forex market could be offering interesting potential setups at the beginning of the week. Mondays are typically slow
The GBP/JPY has spiked above the PPR (polynomial progressive channel) and it is trying to reach the POC zone 148.25-50. However, the first resistance is 147.85 and it needs to
Hi Traders, today’s analysis is focused on the GBP/JPY and its perspective for the rest of the 2017 trading year. The GBP/JPY seems to offer an interesting break, pullback, and
The GBP/JPY has been mostly ranging the last couple of days showing vertical price movement with a potential breakout from the consolidation triangle. There are 2 potential scenarios.
GBP/JPY Ascending Channel Uptrend is in the progress. Forward Earnings in the USA has improved hence why the US Equities have been flying this week. When Equities are going up, Yen
Dear traders, The North Korean tensions with US are getting at its peak. We, traders should try to exploit these market movements to our advantages using our knowledge of the
GBP/JPY is in a decisive zone at the moment. To analyse the market, let us discuss the Fibonacci and MACD Divergence perspective in today’s analysis. Bullish Reversal due to Divergence?
Hi Trader, The GBP/JPY is currently in a massive and lengthy correction and seems to be confusing many Forex traders. It’s time for a closer look at the “Ferrari” of