GBPJPY Rising Wedge (Dec 12, 2017)

by Kate Curtis | December 12, 2017 9:18 am
GBPJPY has formed higher highs and higher lows, creating a rising wedge pattern visible on its daily time frame. Price is approaching the peak of the chart pattern, so a breakout could take place sooner or later....

Sterling Volatility In Crucial Week of Brexit Talk

by elliottwave-forecast.com | December 6, 2017 1:24 pm
Sterling fell versus the dollar earlier this week as Brexit talk between the UK and EU falter at the last minute. British Prime Minister Theresa May is on the race to break the deadlock on the issue of...

GBPJPY Moved Sideways Between 146.93 and 152.85

by ForexCycle.com | November 21, 2017 9:29 am
GBPJPY moved sideways in a trading range between 146.93 and 152.85 for several weeks. Support is at 146.93, as long as this level holds, the sideways movement in the range could be treated as consolidation of the...

GBPJPY Descending Channel (Nov 17, 2017)

by Kate Curtis | November 17, 2017 6:34 am
GBPJPY continues to trend lower on its short-term time frames. Price is testing the resistance at 149.00 and could be ready for a drop to the channel support at 147.50. The 100 SMA is below the longer-term...

GBPJPY Broken Channel Retest (Nov 07, 2017)

by Kate Curtis | November 7, 2017 5:15 am
GBPJPY was previously trending higher inside an ascending channel before breaking below support to signal a reversal. Price bounced off the 148.75 level before showing signs of pulling back to the broken support. Applying the Fibonacci retracement...

GBPJPY Channel Support (Oct 25, 2017)

by Kate Curtis | October 25, 2017 3:34 am
GBPJPY has been trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price just bounced off resistance and could be due to test support at the 149.00 major psychological level....

GBPJPY Move Sideways On Weekly Chart

by ForexCycle.com | September 12, 2017 10:09 am
GBPJPY moved sideways in a trading range between 135.59 and 148.44 for several months. The sideways movement is likely consolidation of the uptrend from 122.36. As long as 135.59 key support holds, the uptrend could be expected...

GBPJPY Elliott Wave View: Wave Red X Still in Progress

by elliottwave-forecast.com | September 1, 2017 4:31 pm
GBPJPY Short Term Elliott Wave suggests that the decline to 8/23 low at 139.27 ended Minor wave W. Minor wave X bounce is currently still in progress as a double three Elliott Wave Structure. Minute wave ((w)) of X ended...

GBPJPY Elliott Wave View: Ending correction

by elliottwave-forecast.com | August 31, 2017 11:58 am
GBPJPY Short Term Elliott Wave suggests that the decline to 8/23 low at 139.27 ended Minor wave W. Minor wave X bounce is currently unfolding as a double three Elliott Wave Structure. Minute wave ((w)) of X ended at...

GBPJPY Triangle Breakdown (Aug 18, 2017)

by Kate Curtis | August 18, 2017 4:13 am
GBPJPY was previously trading inside an ascending triangle visible on its daily time frame and has just broken below support to signal that bears have gotten the upper hand. The chart pattern is around 2300 pips tall...