GBPJPY Elliott Wave: Downside Has Resumed

by elliottwave-forecast.com | May 31, 2017 9:30 am
Short Term GBPJPY Elliott Wave view suggests the decline from 5/10 peak is unfolding as a double three Elliott Wave structure where Minor wave W ended at 143.33 and Minor wave X ended at 145.45. The subdivision...

GBPJPY Triangle Breakout (Apr 25, 2017)

by Kate Curtis | April 25, 2017 11:40 am
GBPJPY recently had lower highs and found support at the 137.00 major psychological level, creating a descending triangle pattern. Price just recently broke above the resistance at 139.00, indicating that bulls are taking control of price action....

GBPJPY Descending Channel (Mar 30, 2017)

by Kate Curtis | March 30, 2017 6:49 am
GBPJPY continues to trend lower and is moving inside a descending channel on its 4-hour chart. Price just bounced off support at the 137.50 minor psychological level and could be on its way for a test of...

GBPJPY Descending Channel (Mar 10, 2017)

by Kate Curtis | March 10, 2017 5:51 am
GBPJPY has formed lower highs and lower lows, moving inside a descending channel on the 1-hour chart. Price is currently approaching the resistance at the 140.00 major psychological level and if this keeps gains in check, the...