GBPJPY : Market Patterns Calling Move Lower

by elliottwave-forecast.com | June 20, 2019 7:37 pm
GBPJPY Technical Analysis  GBPJPY Daily Chart April 1/2019 : On April 1/2019 I posted chart on Twitter of the possibility that the pair could be forming a Bearish Head & Shoulders Breakout Pattern. Traders needed to be patient...

Elliott Wave View: Further Weakness in GBPJPY

by elliottwave-forecast.com | May 8, 2019 4:43 pm
Short Term Elliott Wave view on GBPJPY suggests that further downside is expected. On the chart below, wave ((iii)) ended at 143.74 and wave ((iv)) bounce ended at 146.51. Pair has since broken to new low below...

GBPJPY : Will Pair Continue Lower?

by elliottwave-forecast.com | April 10, 2019 7:29 pm
GBPJPY Technical Analysis April 10/2019 GBPJPY : Bearish market patterns can be seen on the GBPJPY 4 hour chart. In the chart below a blue bearish Head and Shoulders pattern is visible and price has already broken...

GBPJPY Reached The Extreme Area Lower And Bounced

by elliottwave-forecast.com | January 20, 2019 8:48 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPJPY, published in members area of the website.  As our members know, the pair had incomplete bearish...

GBPJPY Channel Pullback (Apr 19, 2018)

by Kate Curtis | April 19, 2018 6:02 am
GBPJPY continues to trend higher but has bounced off the top of its long-term ascending channel visible on the 4-hour time frame. Price could be gearing up for a pullback to support at the 151.50 minor psychological...

GBPJPY Ascending Channel (Feb 15, 2018)

by Kate Curtis | February 15, 2018 7:19 am
GBPJPY recently bounced off the top of its ascending channel and is now making its way to support. Applying the Fib tool on the latest swing low and high shows that this lines up with the 61.8%...

GBPJPY Ascending Channel (Jan 29, 2018)

by Kate Curtis | January 29, 2018 3:15 pm
GBPJPY is trending higher and looks ready for a test of its ascending channel support. Applying the Fib tool on the latest swing low and high shows that the 61.8% level lines up with support at the...

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...