GBPJPY Channel Support (June 12, 2017)
Guppy sold off sharply upon testing the channel resistance on its 4-hour time frame and is now hovering around support. A bearish flag pattern can be seen so a continuation of the move could lead to a...
Tag: GBPJPY
GBPJPY Channel Resistance (Jun 02, 2017)
GBPJPY has been trending lower on its 1-hour chart, moving inside a descending channel formation. Price is currently testing the resistance and could be due for a move back to support around 140.50. The 100 SMA is...
GBPJPY Elliott Wave: Downside Has Resumed
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)
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)
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)
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...