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GBP JPY Elliott Wave Analysis

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Elliott wave analysis of GBP/JPY for January 22 - 2020
Elliott wave analysis of GBP/JPY for January 22 - 2020
Relevance up to 06:00 2020-01-23 UTC+1 GBP/JPY spiked to a high of 143.97 before turning towards the downside again. We will look for a break below minor support at 143.19 and more importantly below support at 142.82 as confirmation that the final decline into target-zone between 139.29 - 139.83 i....
5
Elliott wave analysis of GBP/JPY for January 21 - 2020
Elliott wave analysis of GBP/JPY for January 21 - 2020
Relevance up to 07:00 2020-01-22 UTC+1 GBP/JPY is trading in a very narrow range between 142.82 and 143.38. We expect a final move to just above 143.38 and then a turn lower through support at 142.82 for the next downside pressure to 140.81 on the way lower to 139.25. Short-term support at 142.82 ....
3
Simplified wave analysis of EUR/USD, AUD/USD, USD/CHF, and GBP/JPY as of January 20
Simplified wave analysis of EUR/USD, AUD/USD, USD/CHF, and GBP/JPY as of January 20
Relevance up to 08:00 2020-01-21 UTC+1 EUR/USD On the hourly scale of the euro chart, the incomplete wave counts down from the beginning of September and is directed upwards. The chart shows the formation of a downward correction. The price forms the final part (C) of this construction. The struct....
13
Elliott wave analysis of GBP/JPY for January 20 - 2020
Elliott wave analysis of GBP/JPY for January 20 - 2020
Relevance up to 06:00 2020-01-21 UTC+1 GBP/JPY is becoming tricky as more alternate counts now is possible. The rally to 144.53 could be the completion of an time-extended b-wave correction and if this is the case, then more downside progress should be expected towards 139.25. It could be wave i o....
9
Simplified wave analysis of EUR/USD and GBP/JPY for January 17
Simplified wave analysis of EUR/USD and GBP/JPY for January 17
Relevance up to 09:00 2020-01-18 UTC+1 EUR/USD Analysis: The price of the euro has been moving down since the end of last year. Judging by the wave level of the first part of the wave, a correction is formed for the entire previous trend section. In the wave structure, the middle part (B) is neari....
107
Elliott wave analysis of GBP/JPY for January 17 - 2020
Elliott wave analysis of GBP/JPY for January 17 - 2020
Relevance up to 06:00 2020-01-19 UTC+1 GBP/JPY broke above key resistance at 143.50 indicating that a premature bottom has been found at 140.82 and renewed upside pressure should be expected towards 149.00 as the minimum target for wave v. This rally should complete the first impulsive rally from ....
4
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY for January 15
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY for January 15
Relevance up to 09:00 2020-01-16 UTC+1 EUR/USD Analysis: The direction of the European currency's trend has been set by a bullish wave since September. Its structure has reached the minimum possible proportions. At the end of December, a wave develops downwards. With equal opportunity, it can comp....
22
Elliott wave analysis of GBP/JPY for January 15 - 2020
Elliott wave analysis of GBP/JPY for January 15 - 2020
Relevance up to 06:00 2020-01-16 UTC+1 Key resistance at 143.50 continues to cap the upside as expected but we need a break below short-term key support at 142.34 to release the next real downside pressure towards 139.25 on the way towards the target at 137.53. Only an unexpected break above key r....
1
Elliott wave analysis of GBP/JPY for January 14, 2020
Elliott wave analysis of GBP/JPY for January 14, 2020
Relevance up to 06:00 2020-01-15 UTC+1 GBP/JPY found support at 142.38 but should continue to be capped by resistance at 143.50 for renewed downside pressure through support at 143.50 for a decline to 140.81 on the way to the ideal target at 137.57. A break above 143.50 will be of concern and indi....
5
Elliott wave analysis of GBP/JPY for January 13, 2020
Elliott wave analysis of GBP/JPY for January 13, 2020
Relevance up to 06:00 2020-01-14 UTC+1 Resistance at 143.46 protected the upside as expected and we are now looking for a clear break below support at 142.38 to confirm renewed downside pressure towards 140.81 on the way towards 139.25 and the ideal target at 137.57. We see resistance at 143.08 an....
10
Elliott wave analysis of GBP/JPY for January 8, 2020
Elliott wave analysis of GBP/JPY for January 8, 2020
GBP/JPY has declined nicely from the corrective peak at 143.30 and more downside pressure remains expected towards at least 139.25 and ideally closer to the 50% corrective target at 137.31. Short-term minor resistance at 142.64 ideally will be able to cap the upside for renewed downside pressure thr...
3
Elliott wave analysis of GBP/JPY for January 10 - 2020
Elliott wave analysis of GBP/JPY for January 10 - 2020
Relevance up to 06:00 2020-01-12 UTC+1 GBP/JPY is likely to fail to regain the 143.46 peak and break back below support at 142.40 for a new decline below 141.10 towards 139.25 and the ideal target near 137.31. Even if GBP/JPY will be able to hit 143.46 again, the potential towards the upside will ....
3
Elliott wave analysis of GBP/JPY for January 9, 2020
Elliott wave analysis of GBP/JPY for January 9, 2020
GBP/JPY has rallied stronger than expected and is currently testing the peak at 143.30 and will likely exceed it for a test of 143.58 before turning lower again towards 140.80 and the way towards the ideal target seen near 137.31. On the way lower good support is seen at 139.25. Short-term, we expec...
4
Elliott wave analysis of GBP/JPY for January 6, 2020
Elliott wave analysis of GBP/JPY for January 6, 2020
GBP/JPY is correcting wave iii and should ideally push lower towards the 137.31 - 137.57 area to complete the onging zig-zag correction. Once complete we will be looking for renewed upside pressure, but we also have to be aware that the ongoing zig-zag could be part of a more complex and prolonged w...
1
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on January 7
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on January 7
EUR/USD Analysis: The main direction of the euro's movement in the short term is set by a bearish wave that has been counting since the middle of last year. Since September, a counter wave has been developing, which has become a correction. The price is at the lower border of the potential reversal ...
2
Elliott wave analysis of GBP/JPY for January 7, 2020
Elliott wave analysis of GBP/JPY for January 7, 2020
GBP/JPY has extended the correction from 140.81 a bit higher, than first expected, but it does not alter our view, that more downside pressure towards support in the 137.31/137.57 should be seen before the correction in wave iv is complete and the final rally to above 147.85 should take hold. Short-...
3
Simplified wave analysis of EUR/USD, AUD/USD and GBP/JPY for December 23
Simplified wave analysis of EUR/USD, AUD/USD and GBP/JPY for December 23
Relevance up to 07:00 2019-12-24 UTC+1 EUR/USD Analysis: All movements of the European currency chart in recent months do not go beyond the upward wave of September 3. The depreciation of December 13 forms an internal correction in the last section (C). The price reached the lower limit of the nex....
27
Elliott wave analysis of GBP/JPY for December 23 - 2019
Elliott wave analysis of GBP/JPY for December 23 - 2019
Relevance up to 07:00 2019-12-25 UTC+1 GBP/JPY spiked to a high 1.4773 as the Conservative Party won the election and Brexit finally seems to be finalized. The spike to 1.4773 completed red wave v and black wave iii and a correction in black wave iv are now unfolding. The first part of this correc....
19
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on December 13
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on December 13
Relevance up to 09:00 2019-12-14 UTC+1 EUR/USD Analysis: The formation of the upward wave structure of the euro major continues. The wave of September 3 corrects the last section of the trend and looks like a stretched plane. The last section counts from November 14. The price has stalled at the n....
24
Elliott wave analysis of GBP/JPY for December 12 - 2019
Elliott wave analysis of GBP/JPY for December 12 - 2019
Relevance up to 07:00 2019-12-13 UTC+1 Support at 142.37 is protecting the downside. As long as this key-support is able to protect the downside, the pair will grow and may reach the target at 144.55. This is where we are expecting red wave v and black wave iii to peak for a more prolonged correct....
16
Elliott wave analysis of GBP/JPY for December 11 - 2019
Elliott wave analysis of GBP/JPY for December 11 - 2019
Relevance up to 06:00 2019-12-12 UTC+1 GBP/JPY is trying to lift up despite the lack of upside momentum. However, as long as minor support at 142.37 is able to protect the downside, we could see a final spike higher to the target at 144.55 to complete red wave v and black wave iii and set the stag....
13
Elliott wave analysis of GBP/JPY for December 10 - 2019
Elliott wave analysis of GBP/JPY for December 10 - 2019
Relevance up to 06:00 2019-12-11 UTC+1 GBP/JPY is in the final stage of red wave v and black wave iii. Red wave v will make a final pop to 144.55 to complete red wave v and black wave iii before starting a more long-term correction in black wave iv. As black wave ii was a simple zig-zag correction....
9
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on December 9
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on December 9
Relevance up to 08:00 2019-12-10 UTC+1 EUR/USD Analysis: Euro quotes have been declining for the last 2 years. Counter price movements do not exceed the size of the correction of the last parts of the trend. The unfinished upward stretched plane started in early September. It forms the final secti....
27
Elliott wave analysis of GBP/JPY for December 9 - 2019
Elliott wave analysis of GBP/JPY for December 9 - 2019
Relevance up to 06:00 2019-12-10 UTC+1 GBP/JPY is consolidating before the next rally higher towards 143.25 and 144.55. Support at 141.70 will protect the downside for the next rally to 142.96 and 143.25 for the rally higher to 144.55. A break below 141.70 will be of concern, but only a break belo....
12
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on December 6
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on December 6
Relevance up to 09:00 2019-12-07 UTC+1 EUR/USD Analysis: On the chart of the European currency since September, an upward wave structure has been developing. In its appearance, it most resembles a stretched plane. The wave lacks the final part. The price has reached the level of resistance on a la....
140
Elliott wave analysis of GBP/JPY for December 6
Elliott wave analysis of GBP/JPY for December 6
Relevance up to 06:00 2019-12-08 UTC+1 GBP/JPY continues to rally after having tested resistance at 143.19. Minor sideways correction may advance to 144.55 - the ideal target for red wave v and black wave iii. Short-term support is seen at 142.77 and at 142.44 with key-support at 141.70. R3: 144.5....
10
Elliott wave analysis of GBP/JPY for December 5 - 2019
Elliott wave analysis of GBP/JPY for December 5  - 2019
Relevance up to 07:00 2019-12-06 UTC+1 GBP/JPY has edged higher after resistance at 141.74 was broken. The next major target to look for is 144.55. It is likely to mark the top of red wave v and black wave iii and set the stage for a prolonged correction in black wave iv to the support-zone betwee....
11
Elliott wave analysis of GBP/JPY for December 4 - 2019
Elliott wave analysis of GBP/JPY for December 4  - 2019
Relevance up to 06:00 2019-12-05 UTC+1 GBP/JPY continues to move sideways in a narrow range between 140.87 - 141.74. We expect an ultimate break higher through resistance at 141.74 for a continuation of the uptrend towards 143.19 and 144.55. In the short-term, a break above minor resistance at 141....
14
Elliott wave analysis of GBP/JPY for December 3 - 2019
Elliott wave analysis of GBP/JPY for December 3  - 2019
Relevance up to 06:00 2019-12-04 UTC+1 GBP/JPY dipped a bit lower than the expected support-zone between 141.09 - 141.33. The low has been seen at 140.87. Despite the deeper correction, nothing has changed and a new attack on the resistance at 141.69 is expected shortly for a continuation higher t....
12
Simplified wave analysis of EUR/USD and GBP/JPY for December 2
Simplified wave analysis of EUR/USD and GBP/JPY for December 2
Relevance up to 08:00 2019-12-03 UTC+1 EUR/USD Analysis: The main trend of the euro in the last 2 years is directed to the "south" of the chart. The last counter wave counts from the beginning of September. It has the form of a stretched plane. It lacks a final lift. The plot section on November 1....
39
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