GBPJPY Market Trends: Downside Extension and Upcoming Consolidation

by ForexCycle.com | February 1, 2024 1:30 pm
GBPJPY has seen an extension of its downside movement, suggesting an upcoming consolidation phase and potential range trading. Downside Move Extension The GBPJPY pair has had its downward trajectory stretch from 188.91 to as low as 185.27....

GBPJPY Holds the Line: Resilience within the Rising Price Channel

by ForexCycle.com | January 24, 2024 12:52 am
In a decisive show of market tenacity, GBPJPY refused to break below the bottom of the rising price channel on the 4-hour chart. As a result, current operations have been confined to a trading range of 187.30...

GBPJPY Surges Higher: What’s Ahead?

by ForexCycle.com | January 19, 2024 11:17 am
GBPJPY has made a notable surge, scaling up from 178.72 right up to 188.90, and breaking past the previously set resistance at 188.64. However, we’ve started to see a pullback from this spire at 188.90, indicating that...

GBPJPY Continues Upward Post-Consolidation: Key Points to Note

by ForexCycle.com | January 17, 2024 1:20 am
After a period of consolidation, GBPJPY has broken through the 186.14 resistance level and kept its bullish position from the 178.72 level. As it currently stands, GBPJPY remains inside the ascending price channel on the 4-hour chart....

GBPJPY Breaks Above Resistance at 184.30, Potential for Upside Move

by ForexCycle.com | January 11, 2024 4:16 am
GBPJPY has broken above the key resistance level at 184.30, indicating a bullish move. Further upside potential is expected after a minor consolidation. The next target for the pair is projected to be at 187.30, followed by...

GBPJPY Elliott Wave Forecasting The Path

by elliottwave-forecast.com | March 23, 2023 5:16 pm
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of GBPJPY forex pair published in members area of the website.  As our members know, GBPJPY  Is trading within...

GBPJPY: Buying The Dips After Elliott Wave Double Three Pattern

by elliottwave-forecast.com | August 2, 2021 4:25 pm
GBPJPY is another pair that has given us nice trading opportunity lately . The pair has been showing impulsive bullish sequences in the cycle from the March 2020 low (124.27).  Recently it made clear 3 waves pull...

GBPJPY Elliott Wave View: Bulls Are Expected To Remain In Control

by elliottwave-forecast.com | October 1, 2020 4:30 pm
Elliott Wave view in GBPJPY suggests that the decline from 01 September 2020 peak unfolded as 5 waves impulse structure where wave ((iii)) ended at 134.55 low. Wave ((iv)) ended at 136.16 high, and wave ((v)) ended...