Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

GBP JPY Elliott Wave Analysis

Filter:
GBP/JPY
Popular
EUR/USD
GBP/USD
USD/CHF
USD/JPY
AUD/USD
Brent
XAU/USD
All instruments:
Forex
USD/CAD
EUR/JPY
EUR/GBP
NZD/USD
EUR/AUD
GBP/JPY
CAD/JPY
EUR/CAD
NZD/JPY
GBP/CHF
CHF/JPY
EUR/NZD
GBP/AUD
CAD/CHF
AUD/NZD
NZD/CAD
GBP/CAD
AUD/CHF
Metals
XAG/USD
XAU/USD
XPD/USD
XPT/USD
XCU/USD
Energy
WTI
Brent
Indexes
S&P500
DOW30
DXY
Select
AUD/CAD
AUD/JPY
AUD/SGD
AUD/USD
BTC/USD
CHF/BGN
CHF/RON
CHF/SGD
CHF/TRY
EUR/CHF
EUR/CZK
EUR/DKK
EUR/HKD
EUR/HUF
EUR/ILS
EUR/MXN
EUR/NOK
EUR/PLN
EUR/RON
EUR/RUB
EUR/SEK
EUR/SGD
EUR/TRY
EUR/USD
EUR/ZAR
GBP/BGN
GBP/CZK
GBP/DKK
GBP/HKD
GBP/HUF
GBP/NOK
GBP/NZD
GBP/PLN
GBP/RON
GBP/SEK
GBP/SGD
GBP/TRY
GBP/USD
GBP/USD
GBP/ZAR
HKD/JPY
NZD/CAD
NZD/CHF
SGD/HKD
SGD/JPY
TRY/JPY
USD/BGN
USD/CHF
USD/CNH
USD/CNY
USD/CZK
USD/DKK
USD/EUR
USD/HKD
USD/HUF
USD/ILS
USD/JPY
USD/MXN
USD/NOK
USD/NOK
USD/PLN
USD/RON
USD/RUB
USD/SEK
USD/SGD
USD/TRY
USD/ZAR
Clear
All Forex brokers
All Forex brokers
Admiral Markets
Alpari
EXNESS
FBS
FIBO Group
FxPro
FXTM
HYCM
IG
Instaforex
NordFX
RoboForex
Simplified wave analysis and forecast for EUR/USD, USD/JPY, and GBP/JPY on July 3
Relevance up to 10:00 2020-07-04 UTC+2 EUR/USDAnalysis:The short-term exchange rate of the European currency sets the algorithm for the rising wave from March 20. During the entire past month, the price forms a counter structure, which does not yet go beyond the correction of the last part of the ....
16
Elliott wave analysis of GBP/JPY for June 25, 2020
Relevance up to 07:00 2020-06-26 UTC+2 GBP/JPY is trading sluggishly. A break above minor resistance at 133.65 will indicate that the next impulsive rally higher to key-resistance at 136.35 is in motion. It may grow above the 139.67 peak. We need the break above minor resistance at 133.65 to confi....
4
Elliott wave analysis of GBP/JPY for June 23, 2020
Relevance up to 07:00 2020-06-24 UTC+2 GBP/JPY is hovering above key-support at 131.63 and the break above minor resistance at 133.25. This could indicate the completion of red wave ii at 131.68 for a new impulsive rally towards 138.04 and for a continuation towards 148.32. Thus, we need more evid....
6
Elliott wave analysis of GBP/JPY for June 19, 2020
Elliott wave analysis of GBP/JPY for June 19, 2020
Relevance up to 06:00 2020-06-21 UTC+2 GBP/JPY dropped much lower than we had expected and now, it is testing the 78.6% corrective target and the channel support line. At the same time, we saw the bullish divergence for the RSI. This points to an impulsive rally in the near future. However, we wer....
16
Simplified wave analysis and forecast for EUR/USD, USD/JPY, and GBP/JPY on June 17
Simplified wave analysis and forecast for EUR/USD, USD/JPY, and GBP/JPY on June 17
Relevance up to 09:00 2020-06-18 UTC+2 EUR/USD Analysis: An upward wave has been forming on the euro chart since March. In its structure, the final part (C) has been developing since May 7. For the last 2 weeks, the price has been drifting sideways along the strong resistance of a large TF, formin....
5
Elliott wave analysis of GBP/JPY for June 17, 2020
Elliott wave analysis of GBP/JPY for June 17, 2020
Relevance up to 05:00 2020-06-18 UTC+2 The minor correction from 136.35 seems to have been completed. We are looking for a break above minor resistance at 135.35 as confirmation for the next impulsive rally above the mini-peak at 136.35 for a continuation higher to 139.77 and to 148.32. Short-term....
7
Elliott wave analysis of GBP/JPY for June 16, 2020
Elliott wave analysis of GBP/JPY for June 16, 2020
Relevance up to 07:00 2020-06-17 UTC+2 GBP/JPY unexpectedly dipped to a new low of 133.47. A drop was short-lived. The GBP/JPY pair is now recovering. It may break above the minor peak at 136.04 indicating that the correction from 139.74 has completed and a new impulsive rally to 148.32 is likely ....
5
Simplified wave analysis and forecast for EUR/USD, USD/JPY, and GBP/JPY on June 15
Simplified wave analysis and forecast for EUR/USD, USD/JPY, and GBP/JPY on June 15
Relevance up to 09:00 2020-06-16 UTC+2 EUR/USD Analysis: The upward wave of the European currency from March 20 entered the final phase. Since May 7, the final part of the wave model has been developing. In its framework, since June 4, the price forms a correction in the form of a stretched plane.....
0
Elliott wave analysis of GBP/JPY for June 15, 2020
Elliott wave analysis of GBP/JPY for June 15, 2020
Relevance up to 05:00 2020-06-16 UTC+2 GBP/JPY broke above resistance at 135.25 and more importantly above resistance at 135.90. It was a clear indication that a firm corrective low had been found at 133.77. In the short-term, we are looking for a break above minor resistance at 134.72 as a confir....
0
Elliott wave analysis of GBP/JPY for June 12, 2020
Elliott wave analysis of GBP/JPY for June 12, 2020
Relevance up to 09:00 2020-06-14 UTC+2 The corrective decline from the 139.74 is way different from what was expected if this corrective decline had been black wave iv/. The is no alternation between black wave ii/ and black wave iv/, which lead us to believe, that the corrective decline from 137.....
8
Elliott wave analysis of GBP/JPY for June 11, 2020
Elliott wave analysis of GBP/JPY for June 11, 2020
Relevance up to 07:00 2020-06-12 UTC+2 GBP/JPY broke below the 38.2% corrective target at 136.34. This indicates a continuation of a drop lower to the 50% corrective target at 135.26 and, of course, a shift in the corrective shape too. A triangle consolidation is still possible, but, this time, we....
7
Elliott wave analysis of GBP/JPY for June 10, 2020
Elliott wave analysis of GBP/JPY for June 10, 2020
Relevance up to 06:00 2020-06-11 UTC+2 GBP/JPY has already reached the 38.2% corrective target at 136.33. No more downside is needed in red wave iv. However, we should expect more sideways correction in the form of a triangle consolidation. The RSI index 41.39 was not broken after a first decline.....
5
Simplified wave analysis and forecast for EUR/USD, AUD/USD, and GBP/JPY on June 9
Simplified wave analysis and forecast for EUR/USD, AUD/USD, and GBP/JPY on June 9
Relevance up to 10:00 2020-06-10 UTC+2 EUR/USD Analysis: On the chart of the pan-European currency since the beginning of March, the formation of an upward wave continues. All the past month, it formed the final part (C). The price reached the intermediate resistance zone, from which a pullback is....
2
Elliott wave analysis of GBP/JPY for June 9, 2020
Elliott wave analysis of GBP/JPY for June 9, 2020
Relevance up to 07:00 2020-06-10 UTC+2 The correction from the 137.74 peak is unfolding as expected. We have already seen the 23.6% corrective target at 137.66 being exceeded. The pair may rise to support in the 136.33 - 137.10 area. A decline to the 38.2% corrective target at 136.33 is unlikely t....
2
Elliott wave analysis of GBP/JPY for June 8, 2020
Elliott wave analysis of GBP/JPY for June 8, 2020
Relevance up to 06:00 2020-06-09 UTC+2 GB/JPY rallied nicely into our expected target at 139.07 (the peak was seen at 139.77) with the target for red wave iii fulfilled, we should now expecte a correction in red wave iv to unfolding in the coming days. This correction will ideally dip into support....
3
Elliott wave analysis of GBP/JPY for June 5, 2020
Elliott wave analysis of GBP/JPY for June 5, 2020
Relevance up to 06:00 2020-06-07 UTC+2 After a very small red wave iv/ correction to 135.93, GBP/JPY is heading towards the ideal target for red wave v/ and iii at 139.07. Once red wave v/ and iii is completed, we can expect another minor correction in red wave iv close to support at 135.93 before....
14
Elliott wave analysis of GBP/JPY for June 4, 2020
Elliott wave analysis of GBP/JPY for June 4, 2020
Relevance up to 06:00 2020-06-05 UTC+2 GBP/JPY has completed red iii/ and we should now see a short-term correction in red wave iv/ towards the 135.10 - 135.30 area before red wave v/ takes over to complete red wave iii near 139.07. As red wave ii/ was a complex sideways correction, we should look....
8
Simplified wave analysis and forecast for EUR/USD, AUD/USD, and GBP/JPY on June 3
Simplified wave analysis and forecast for EUR/USD, AUD/USD, and GBP/JPY on June 3
Relevance up to 09:00 2020-06-04 UTC+2 EUR/USD Analysis: The upward wave of the euro from March 20 continues its formation. Since May 7, the final section (C) has been developing. The price is approaching the lower border of the strong potential reversal zone. The wave structure is not complete at....
15
Elliott wave analysis of GBP/JPY for June 3, 2020
Elliott wave analysis of GBP/JPY for June 3, 2020
Relevance up to 06:00 2020-06-04 UTC+2 GBP/JPY is about to test solid resistance at 135.10 before climbing higher towards 141.06. The clear break out of the base-channel also confirms that wave three is developing. We are currently looking for the peak of red wave iii. This could be seen here at 1....
8
Elliott wave analysis of GBP/JPY for June 2, 2020
Elliott wave analysis of GBP/JPY for June 2, 2020
Relevance up to 07:00 2020-06-03 UTC+2 GBP/JPY has finally broken above key resistance at 133.19 making this count our preferred count. In the short-term, we see solid resistance at 135.10 that will be able to cap the upside temporary for a corrective dip to 133.75 before pushing higher again thro....
21
Elliott wave analysis of GBP/JPY for May 29, 2020
Elliott wave analysis of GBP/JPY for May 29, 2020
Relevance up to 07:00 2020-05-31 UTC+2 Key-resistance at 133.19 remains untouched which keeps this count as the alternate count. We believe that it is just a matter of time before the real test and likely break above key-resistance at 133.19 occur. Once broken that will call for a continuation hig....
20
Simplified wave analysis and forecast for EUR/USD, AUD/USD, and GBP/JPY on May 28
Simplified wave analysis and forecast for EUR/USD, AUD/USD, and GBP/JPY on May 28
Relevance up to 11:00 2020-05-29 UTC+2 EUR/USD Analysis: The price movements of the European currency in the last 2 months are set by the horizontal correction algorithm. The wave entered its final phase. The last bearish section of the wave has been reporting since May 20. It lacks the final segm....
15
Elliott wave analysis of GBP/JPY for May 27, 2020
Elliott wave analysis of GBP/JPY for May 27, 2020
Relevance up to 07:00 2020-05-28 UTC+2 GBP/JPY tested the key-resistance at 133.19 but failed to break above in the first attempt, but after a minor correction a second and more successful attempt should be seen. A break above key-resistance at 133.19 will shift the currently alternate count to th....
18
Elliott wave analysis of GBP/JPY for May 26, 2020
Elliott wave analysis of GBP/JPY for May 26, 2020
Relevance up to 06:00 2020-05-27 UTC+2 The break out of the descending chanal from 132.51 indicates that the alternate bullish count could be in play here. We still need more evidence to confirm this is actually the case. If it's the case, then we will see a break above minor resistance at 131.95 ....
13
Elliott wave analysis of GBP/JPY for May 25, 2020
Elliott wave analysis of GBP/JPY for May 25, 2020
Relevance up to 06:00 2020-05-26 UTC+2 At this point we have no reason to cast away the alternate bullish count. That said, this count only becomes our favored count if resistance at 133.19 is broken. We have seen a small corrective decline from 131.78 and the sub-waves are equal in length which g....
11
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on May 21
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on May 21
Relevance up to 09:00 2020-05-22 UTC+2 EUR/USD Analysis: The dominant trend direction of the European currency is set by the upward wave from March 20. The formation of a correction plane in the last 2 months led to the formation of a price corridor. The last correction section has been reporting ....
14
Elliott wave analysis of GBP/JPY for May 20, 2020
Elliott wave analysis of GBP/JPY for May 20, 2020
Relevance up to 06:00 2020-05-21 UTC+2 GBP/JPY broke out of the falling channel to the upside, missing our forecast. However, a break above short-term key resistance at 133.19 will indicate an upward trend. If it comes true, we should expect a rise in wave iii towards at least 141.05 and more like....
29
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on May 19
Simplified wave analysis of EUR/USD, AUD/USD, and GBP/JPY on May 19
Relevance up to 10:00 2020-05-20 UTC+2 EUR/USD Analysis: Fluctuations in the exchange rate of the euro currency in recent months fit into the algorithm of the rising wave from March 20. In recent months, the price has moved in a sideways corridor, forming a correction. Its last section counts down....
16
Elliott wave analysis of GBP/JPY for May 18 - 2020
Elliott wave analysis of GBP/JPY for May 18 - 2020
Relevance up to 08:00 2020-05-19 UTC+2 GBP/JPY has declined as we expected. It should now stay below minor resistance at 131.42 as the downside pressure is likely to extend towards 127.69 and ultimately below 123.99 to complete the long-term decline from 147.95. Ideally, resistance in the 130.22 -....
24
Elliott wave analysis of GBP/JPY for May 15 - 2020
Elliott wave analysis of GBP/JPY for May 15 - 2020
Relevance up to 06:00 2020-05-17 UTC+2 GBP/JPY has broken clearly through short-term key-support at 131.88 indicating more downside pressure towards 128.53 on the way to just below 123.99. So, it is likely to complete the final decline from 147.95. Short-term resistance is now seen at 131.88 (form....
26
show more

Was the information useful for you?

Categories

Forex Analysis
Forex Technical Analysis
Fundamental Analysis
Forex Market Overview
Daily Forex Forecasts
Weekly Forex Forecasts
Monthly Forex Forecasts
Forex Trade Ideas
Stock Market Analysis
Fractal Analysis
Forex Wave Analysis
Forex Trend Analysis
Ichimoku Analysis
Fibonacci Analysis
Candlestick Analysis
Forex Murrey Math Lines