Forex Analysis for GBP/JPY

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Fundamental Analysis of GBP/JPY for May 31, 2018
Fundamental Analysis of GBP/JPY for May 31, 2018
GBP/JPY has been quite impressive with the recent bullish gains which lead the price to reside above 145.00 area after being impulsively bearish with a break. GBP has been struggling for gains against JPY whereas recent JPY economic reports helped GBP to gain certain momentum for a while.Today, Japa...
1
Technical analysis of GBP/JPY for May 30, 2018
Technical analysis of GBP/JPY for May 30, 2018
All our downside targets which we predicted in yesterday's analysis have been hit. The pair is in a downward trend, capped by its negative trend line. Both the 20-period and 50-period simple moving average are heading downward, calling for a further decline. Furthermore, the relative strength index ...
1
GBP/JPY Approaching Support, Watch For A Bounce
GBP/JPY Approaching Support, Watch For A Bounce
GBP/JPY is approaching our support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where we expect price to bounce above this level to our resistance at 146.20 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochas...
0
CAD/CHF Testing Resistance, Prepare For A Drop
CAD/CHF Testing Resistance, Prepare For A Drop
CAD/CHF is testing its resistance at 0.7610 (horizontal pullback resistance, 23.6% Fibonacci retracement) where we expect price to drop to its major support at 0.7480 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of beari...
1
Technical analysis of GBP/JPY for May 29, 2018
Technical analysis of GBP/JPY for May 29, 2018
All our downside targets which we predicted in yesterday's analysis have been hit. GBP/JPY is expected to continue its downside movement and expected to remain below the key resistance at 145.35. the British pound is capped by a declining trend line in place since May 25 and by its declining 50-peri...
0
Daily analytical report (29/05/18)
GBPJPY has been on our radar for a while now. We were expecting the price to drop and that is exactly what is happening. This provides us with a very nice technical setup. The price has broken all major supports and is currently in freefall mode; on its way back to the long-term downtrend. Potentia....
0
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...
0
Technical analysis of GBP/JPY for May 28, 2018
Technical analysis of GBP/JPY for May 28, 2018
GBP/JPY is under pressure and expected to remain below the key resistance at 146.15. The pair retreated from 147.20 and broke below its 50-period moving averages. Besides, the 50 period moving average is turning down. The relative strength index is mixed to bearish. Hence, as long as 146.15 holds on...
1
Technical analysis of GBP/JPY for May 25, 2018
Technical analysis of GBP/JPY for May 25, 2018
GBP/JPY is under pressure and expected to remain under it. The pair remains in a downward trend, capped by its falling 50-period moving average. Even though a consolidation cannot be ruled out at the current stage, its extent should be limited before further downsides. Last but not least, the relati...
1
Technical analysis of GBP/JPY for May 24, 2018
Technical analysis of GBP/JPY for May 24, 2018
GBP/JPY is expected to trade with a bearish outlook. The pair keeps trading on the downside after losing the handle at the key resistance of 147.25. Currently, it is trading around the descending 20-period moving average, which has crossed below the 50-period one. The relative strength index is yet ...
1
Daily analytical report (24/05/18)
The first one is GBPJPY, which is giving us a super strong long-term sell signal. The pair has already broken all major supports and now is testing the closest one as a resistance. First contact was bearish, but it seems that we will have another test soon. A double top at such an important level c....
0
GBP/JPY Approaching Resistance, Prepare For A Plunge
GBP/JPY Approaching Resistance, Prepare For A Plunge
GBP/JPY is approaching our resistance at 147.04 (Horizontal overlap resistance, 23.6% Fibonacci retracement) where we expect a further below this level to our support at 145.05 (horizontal swing low support). We do have to be cautious of our intermediate support at 145.96 (horizontal overlap support...
1
BTC/USD Approaching Support, Prepare For A Bounce
BTC/USD Approaching Support, Prepare For A Bounce
Reason for the trading strategy (fundamentally):John McAfee expects a bull run on cryptocurrency markets in the near future. Billions will be pumped by institutional investors, the internet security expert predicted in a post on the microblogging platform Twitter this week. McAfee claims this will l...
1
GBP/JPY broke key support level 147.30
GBP/JPY broke key support level 147.30
GBP/JPY broke key support level 147.30 Next sell target - 147.30  GBP/JPY recently broke the key support level 147.30 (low of the previous waves (ii) and 1). The breakout of this support level continues the active minor impulse wave 3. GBP/JPY is expected to fall further toward the next sell target ...
0
Daily analytical report (23/05/18)
Apparently, traders didn’t like the PMI data from the Eurozone. The main pair suffered, slipping to its lowest levels in 2018. Buyers are still fighting for the support, which already worked two days ago. This could be a great place for a double bottom formation but for a proper buy signal, we will....
1
Technical analysis of GBP/JPY for May 23, 2018
Technical analysis of GBP/JPY for May 23, 2018
On the 4 hour chart of GBP/JPY we've spotted the Broadening Up Channel. This is a sign of the weak bullish momentum. Furthermore, the up channel was easily broken, especially after the price touched the Exponential Moving Average 200 at the day's close. Besides, the price has already gone below the ...
0
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 ...
4
Technical analysis of GBP/JPY for May 22, 2018
Technical analysis of GBP/JPY for May 22, 2018
Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the support levels, while the green line indicates the resistance lev...
0
GBP/JPY Broke Out Of Support, Prepare For Strong Drop
GBP/JPY Broke Out Of Support, Prepare For Strong Drop
GBP/JPY broke out of its short term ascending support line and has reacted off its resistance at 149.13 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement). We expect price to drop further to its support at 148.20 (horizontal swing low support, 76.4% Fibonacci retracement). Ichimoku cl...
0
BTC/USD Approaching Resistance, Prepare For A Drop
BTC/USD Approaching Resistance, Prepare For A Drop
Reason for the trading strategy (fundamentally):LMAX Exchange Group, which operates a UK Financial Conduct Authority (FCA) regulated FX trading venue, has announced today a physical cryptocurrency exchange dedicated to serving only institutional clients. The company says it developed LMAX Digital at...
1
Daily analysis of GBP/JPY for May 21, 2018
Daily analysis of GBP/JPY for May 21, 2018
OverviewThe moving average 55 is forming a strong barrier at 149.85, but the stability of GBPJPY within the bullish channel's levels will increase the chances to gather positive momentum in the near period. This increases the chances to make the required breach, aiming for the main upward targets du...
3
Technical analysis of GBP/JPY for May 17, 2018
Technical analysis of GBP/JPY for May 17, 2018
GBP/JPY is expected to trade with a bullish outlook. The technical outlook of the pair turned bullish as the prices broke above the declining trend line since May 15. The 20-period moving average is turning up. The relative strength index is heading upward, calling for a further rebound. Therefore, ...
1
Review of GBP / JPY for the week of May 16 via simplified wave analysis
Review of GBP / JPY for the week of May 16 via simplified wave analysis
Wave picture of the chart D1:The increasing rate of the GBp/JPY cross pair chart from October 2016 is set by the bullish wave of the instrument. The potential of this section exceeds the length of correction of the previous bearish trend. With a high probability, conditions are being prepared for ch...
1
Technical analysis of GBP/JPY for May 17, 2018
Technical analysis of GBP/JPY for May 17, 2018
The GBP/JPY at 4-Hour Charts seem already making higher highs and higher lows after the MACD Divergence with the price but this pair now getting struggles with the Support Become Resistance level at 149.11 events now this pair already breakout above those level now the GBP/JPY must test the 149.11 l...
0
Technical analysis of GBP/JPY for May 16, 2018
Technical analysis of GBP/JPY for May 16, 2018
GBP/JPY is under pressure and expected to trade in a lower range. Although the pair posted a rebound from 147.55, it is still capped by a declining 50-day moving average. The relative strength index is mixed to bearish. The key resistance level at 149.05 should maintain the selling pressure. Hence, ...
0
Title Technical analysis of GBP/JPY for May 15, 2018
Title	Technical analysis of GBP/JPY for May 15, 2018
GBP/JPY is expected to trade with a bullish outlook and continue its rebound. Despite the pair posting a pullback from 149.05, a support base at 148.20 has formed and has allowed for a temporary stabilization. The relative strength index is turning up and is entering the neutrality level at 50, call...
1
Daily analysis of GBP/JPY for May 15, 2018
Daily analysis of GBP/JPY for May 15, 2018
OverviewThe GBP/JPY pair is still following the bullish trajectory. A new bullish wave is likely to be formed, moving away from the main support at 147.10 today. Further positive pressure will open the way towards several targets in the near and medium term that begin at 149.40 reaching 38.2% Fibona...
1
Technical analysis of GBP/JPY for May 14, 2018
Technical analysis of GBP/JPY for May 14, 2018
GBP/JPY is expected to trade with a bullish outlook and continue its rebound. The pair is edging higher and is challenging the key resistance at 149.25. Both rising 20-period and 50-period moving averages play support roles and maintain the upside bias. The relative strength index is bullish, callin...
0
Technical analysis of GBP/JPY for May 11, 2018
Technical analysis of GBP/JPY for May 11, 2018
GBP/JPY is under pressure. The pair remains weak below its nearest horizontal resistance at 148.55. Both the 20-period and 50-period moving averages are turning down, and call for further decline. Additionally, the relative strength index is negative below its neutrality area at 50. Therefore, as lo...
0
EUR/JPY Made A Bullish Exit From Descending Channel
EUR/JPY Made A Bullish Exit From Descending Channel
EUR/JPY made a bullish exit from its descending channel where we look forward to buy on weakness at 129.97 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support). We expect the price to rise to its resistance at 131.83 (61.8% Fibonacci retracement, horizontal overlap re...
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