GBPJPY broke below support (red rectangle on chart) on 10/3. Price has advanced in recent days to challenge the level as resistance. So far, that level is holding. Trading Strategy: Looking for a high on Monday. Resistance extends to 158.70 …
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 …
11:04a GBP/JPY touched a weekly high at 150.495 [09:04 GMT] #forex #fx #finance #GB.. 10:58a GBP/JPY touched a yesterday high at 150.088 [08:58 GMT] #forex #fx #finance .. 10:33a GBP/JPY touched a new figure level at 150 [08:33 …
GBPJPY Resistance Challenged by Upcoming Data - Daily Chart Technical Analysis However the Ichimoku indication could be exhausted at this point. With that, if the bulls are unable to break above the GBPJPY resistance on the …
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Short term GBPJPY Elliott Wave view suggests the decline from 5/10 high shows a 5 swing sequence, thus favoring more downside. Decline from 5/10 high is unfolding as a double three Elliott Wave structure. Down from 5/10 peak (148.11), …
In particular, EUR/GBP has taken out 0.8732 support to finally resume recent decline from 0.9305. GBP/JPY also broke 152.93 to resume the rise from 139.29. Pound traders will now eagerly await the post meeting press briefing of May and …
GBPJPY – As highlighted in our weekly analysis of the possibility of a further upside strength, well that has occurred pushing the cross through its Feb 18’2011 high at 135.47 on Monday and following through during Tuesday trading …
To receive James Stanley’s Analysis directly via email, please sign up here. Talking Points: GBP/JPY Technical Strategy: Intermediate-term: bullish; short-term: bullish. GBP/JPY has put in a strong bullish continuation move after crossing the …
To receive James Stanley’s analysis directly via email, please SIGN UP HERE Talking Points: In our last article, we asked the very pertinent and timely question for GBP/JPY: Had a new down-trend emerged? After the other-worldly move …