Forecasts of GBP/JPY

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GBP/JPY Flat Descending Triangle Breakout
GBP/JPY Flat Descending Triangle Breakout
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP weakness has made both the GBP/USD and GBP/JPY breakout to the downside a matter of time. The GBP/JPY has broken through 145.11 and 144.70 and it is targeting 144.15 as the first target. If the 4h candle closes below 144.14 we could see 142.92. Pu...
1
GBP/JPY Direct Drop After the Bearish SHS
GBP/JPY Direct Drop After the Bearish SHS
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP/JPY has dropped after the bearish SHS variant has been formed in 4h time frame. We can see how the trend line break caused a direct drop to W L5 camarilla pivot. This is the important zone 147.00-15. We might see a spike towards a retest of trend ...
2
GBP/JPY Cont-Breakout Pattern Only Above 152.36
GBP/JPY Cont-Breakout Pattern Only Above 152.36
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP/JPY has been in a steady uptrend on H4 timeframe, and after touching 153.87 it started a retracement. Don't be confused, as the pair is still in uptrend and we might see a rejection from POC if the price gets in the zone 149.60-85. However, pay at...
1
GBP/JPY Rounding Bottom Pattern Could be Completed Soon
GBP/JPY Rounding Bottom Pattern Could be Completed Soon
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP/JPY formed a rounding bottom pattern that is almost close to its completion. Bulls have been dominating on 4h time frame and the price is very close to M H5 resistance. Monthly H5 indicates a strong resistance and the price could reject it. Howeve...
1
GBP/JPY Possible Inverted Dead Cat Bounce on a Trend Line Break
GBP/JPY Possible Inverted Dead Cat Bounce on a Trend Line Break
Source: Admiral Markets MT5 with MT5SE Add-onAfter a typical Monday price action that was triggered by the Yen weakness the GBP/JPY continued to rise but it failed to reach W H5. A sudden drop in price and a close below EMA89 and W H4, with an interim consolidation suggests that this could be an inv...
2
GBP/JPY Bullish Zig-Zag After the Trend Change
GBP/JPY Bullish Zig-Zag After the Trend Change
Source: Admiral Markets MT5 with MT5SE Add-on The GBP/JPY has gone through a trend change after the price broke a descending trendline above 147.90. Subsequently the price has made a bearish zig-zag so buying the dip could be possible. 149.10-149.30 is the zone to watch for as the price might bou.....
1
GBP/JPY Bearish SHS Pattern Rejecting the Trend Line
GBP/JPY Bearish SHS Pattern Rejecting the Trend Line
The GBP/JPY, popular "Dragon" has formed a bearish SHS pattern just below the D L3 resistance. At this point, the price is trying to break 152.00 and reach 151.80-64. If the pattern stays firm, and the price goes below 151.64 then the pair could drop to 151.20. A spike above 152.50 and 153.00 could ...
4
USD/JPY Triple Bottom Pattern Consolidation Breakout
USD/JPY Triple Bottom Pattern Consolidation Breakout
As the BoJ commences a slow process of tapering, this in theory has pushed traders into buying JPY. We already saw it in my previous GBP/JPY analysis. In addition, this has the side-effect of selling risky assets, and we saw Equities pullback from recent highs in alignment with rising JPY demand. W....
1
GBP/JPY Bearish Divergence at W L3 Camarilla Resistance
GBP/JPY Bearish Divergence at W L3 Camarilla Resistance
As the BoJ commenced some minor tapering to its massive Balance Sheet in the month of December, the past week has seen some strong risk-on across Commodities, Equities and JPY crosses. Manufacturing data across the major exporters are still in expansion mode, including Japan, this is good longer-ter...
2
GBP/JPY Diving Board Reversal Pattern Targeting D H4 and W L5 Camarilla Levels
GBP/JPY Diving Board Reversal Pattern Targeting D H4 and W L5 Camarilla Levels
The GBP/JPY has formed a variation of a V-shaped pattern named "Diving Board". The diving board is a reversal pattern that forms after the price makes a flat base than drops down with a high momentum that is followed by a straight-line run-up. V-shaped reversal is created, and the price proceeds u.....
2
GBP/JPY Dropping Below the Trend Line
GBP/JPY  Dropping Below the Trend Line
The GBP/JPY rally and profit taking on short trades that happened on Friday has been negated by an early Monday drop and sell off. Brexit concerns are still weighting on the pound and investors tend to flee in the JPY safe haven. The GBP/JPY, popular "Dragon" dropped below the trend line and a sub.....
3
GBP/JPY is Waiting for BOE Decision
GBP/JPY is Waiting for BOE Decision
The main event of the day and week is the BOE decision. The decision along with the conference should be a price mover. In my opinion, the BoE will hike the rate as expected but also validate market expectations of a November hike. The press conference will move the price too and the main point is.....
3
GBP/JPY Continuation Triangle Formed at 50.0 Fib Level
GBP/JPY Continuation Triangle Formed at 50.0 Fib Level
The GBP/JPY has formed a continuation triangle. The entry that was made on LIVE webinar provided more than 50 pips and the price is consolidating above the POC zone now. The POC 149.70-95 could spike the price up again but 149.15 needs to stay firm. In the case of deeper retracement 149.40 should .....
4
GBP/JPY Low Volatility Zone Breakout Spikes the Price
GBP/JPY Low Volatility Zone Breakout Spikes the Price
The GBP/JPY formed the LVZ pattern - Low Volatility Zone exactly at the POC 147.85-148.05 and it is proceeding higher towards D H4 148.75. Strong h1 candle or 4h candle close above 148.75 suggest further bullish pressure towards 149.20-30. Looking at a daily chart in chart we can see a possibility o...
3
GBP/JPY MACD Divergence At Monthly Support
GBP/JPY MACD Divergence At Monthly Support
The GBP/JPY has made a temporary bottom at 141.25 and we can see MACD divergence that could push the price to the upside.141.25-50 is the zone where price might spike towards the 142.60-85 where new sellers might be waiting. Only a clear 4h close or h1 momentum above 142.90 should target 143.40. B.....
3
GBP/JPY Equidistant Channel Bearish Continuation
GBP/JPY Equidistant Channel Bearish Continuation
The GBP/JPY has followed my previous analysis exactly as planned and even during summer holidays trading, this still remains one of the best pair to trade due to its high ATR(14)-121. At this point we have two potential POC zones, should the pair retrace. POC1 144.70-90 (38.2, bearish order block D ...
4
GBP/JPY Possible Momentum Change Due to M Pattern
GBP/JPY Possible Momentum Change Due to M Pattern
The GBP/JPY has been rejected from the W L4 level and at this point we see an intraday downtrend in the GBP/JPY with clear double bottom support. Price action shows both up and down movement but to me it looks like a potential momentum change especially because the price is below W L4 that makes a.....
4
GBP/JPY Technical Zig-Zag Uptrend
GBP/JPY Technical Zig-Zag Uptrend
Global Equities were given a boost the past few days, which has been bullish for the GJ pair. Japanese data has been solid the past week, and its major trading partner in China has posted strong data for the week. Whereas, US data has largely been meeting expectations. At this point we can spot 2 .....
5


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