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 to …
Intraday structure on GBPJPY is turning nicely bullish, now with five waves up on intraday chart above the upper channel resistance line. We will be tracking a pullback in the next few days for potential long entry, especially if we consider …
GBP/JPY Technical Strategy: Longer-term bearish, price action remaining near longer-term support in the 130.00-area. GBP/JPY is testing a support level that’s previously led to big top-side moves in the pair in July and August. If you’re …
The high reached $8300 while the lower extended to $8101 in a relatively narrow …
and the GBP/JPY pair is one of the best ways to play the markets if they are going and more of a positive attitude. Obviously, if we get some type of sell off in the …
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. As long as 146.93 support holds, the price action in the range could be treated as consolidation of the uptrend from 135.59 …
Strong rebound in the Chinese stock markets is seen as factor helping the Aussie …
The deep pullbacks are clearly visible and the angle of the trend is shallow compared to that of the GBPJPY. The final chart is the daily chart of the stock of AMAT which is very much in a slow moving wave structure when compared to NVDA. …
The stock markets a course have their influence on the pair also, considering that the market has such a high correlation to risk appetite. I think that the 150-level underneath is the “floor” in the market, and perhaps even the previous uptrend line ...