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Elliott wave analysis of GBP/JPY for Jan 23, 2020
GBP/JPY has broken resistance at 144.53 (the high has been seen at 144.61) which has forced us to review our counts. We don’t think the...
Posted On 23 Jan 2020
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Elliott wave analysis of GBP/JPY for Jan 22, 2020
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...
Posted On 22 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 21, 2020
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...
Posted On 21 Jan 2020
Fractal analysis for major currency pairs on Jan 20, 2020
Forecast for January 20: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are:...
Posted On 19 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 15, 2020
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...
Posted On 15 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 14, 2020
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...
Posted On 14 Jan 2020
Fractal analysis for major currency pairs on Jan 13, 2020
Forecast for January 3: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are:...
Posted On 12 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 10, 2020
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...
Posted On 10 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 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...
Posted On 08 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 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...
Posted On 07 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 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....
Posted On 06 Jan 2020
Fractal analysis for major currency pairs on Jan 3, 2020
Forecast for January 3: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are:...
Posted On 02 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 2, 2020
GBP/JPY continues to follow the expected path. We are currently in wave b of a zig-zag correction. We know the corrective formation must be a...
Posted On 02 Jan 2020
GBP/JPY approaching resistance, potential drop!
Trading Recommendation Entry: 142.875 Reason for Entry: breakout level Take Profit : 1.27253 Reason for Take Profit: 38.2% Fibonacci retracement,...
Posted On 30 Dec 2019
GBP/JPY approaching resistance, potential drop!
Trading Recommendation Entry: 142.875 Reason for Entry: breakout level Take Profit : 1.27253 Reason for Take Profit: 38.2% Fibonacci retracement,...
Posted On 27 Dec 2019
Elliott wave analysis of GBP/JPY for Dec 12, 2019
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...
Posted On 12 Dec 2019
Elliott wave analysis of GBP/JPY for Dec 11, 2019
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...
Posted On 11 Dec 2019
Elliott wave analysis of GBP/JPY for Dec 9, 2019
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...
Posted On 09 Dec 2019
Elliott wave analysis of GBP/JPY for Dec 6, 2019
GBP/JPY continues to rally after having tested resistance at 143.19. Minor sideways correction may advance to 144.55 – the ideal target for...
Posted On 06 Dec 2019
Elliott wave analysis of GBP/JPY for Dec 4, 2019
GBP/JPY continues to move sideways in a narrow range between 140.87 – 141.74. We expect an ultimate break higher through resistance at...
Posted On 04 Dec 2019
Elliott wave analysis of GBP/JPY for Dec 3, 2019
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...
Posted On 03 Dec 2019
Elliott wave analysis of GBP/JPY for Dec 2, 2019
GBP/JPY remains lock in a sideways correction below short-term important resistance at 141.69. However, it can be a matter of time before this...
Posted On 02 Dec 2019
Elliott wave analysis of GBP/JPY for Nov 29, 2019
GBP/JPY is still consolidating just below resistance at 141.58 but it should just be a matter of time before this resistance is taken out for a...
Posted On 29 Nov 2019
Elliott wave analysis of GBP/JPY for Nov 25, 2019
After breaking below support at 139.65, the correction in red wave iv shifted from a triangle to a double zig-zag correction. This change does...
Posted On 25 Nov 2019
Elliott wave analysis of GBP/JPY for Nov 19, 2019
GBP/JPY has already tested the top of red wave iii at 141.50 and have seen a minor corrective set-back to to the former triangle resistance-line....
Posted On 19 Nov 2019
Elliott wave analysis of GBP/JPY for Nov 13, 2019
The red wave iv triangle has behaved just as expected and now looks complete, but to confirm that red wave v higher towards 144.58 is developing,...
Posted On 13 Nov 2019
Elliott wave analysis of GBP/JPY for Nov 5, 2019
The trading range has become even smaller in the last trading day and is now between 139.58 and 140.06, We continue to look for a move closer to...
Posted On 05 Nov 2019
Elliott wave analysis of GBP/JPY for Nov 4, 2019
GBP/JPY continues to trade in a very narrow range, indicating a possible minor triangle developing. If this is the case, we could see a final dip...
Posted On 04 Nov 2019
Elliott wave analysis of GBP/JPY for Nov 1, 2019
Short-term key resistance at 140.74 has been capped. We continue to look for support at 138.64 and a break below here will lead to a decline to a...
Posted On 01 Nov 2019
Elliott wave analysis of GBP/JPY for Oct 31, 2019
GBP/JPY remains stuck in a narrow trading range below short-term important resistance at 140.74. As long as this resistance is able to cap the...
Posted On 31 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 29, 2019
Despite GBP/JPY moving higher we expect minor resistance at 140.74 to be able to cap the upside for another corrective decline towards at least...
Posted On 29 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 24, 2019
We are looking for more downside pressure towards strong support near 135.67. Therefore, we continue to look for more short-term downside...
Posted On 24 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 23, 2019
The expected correction is now unfolding and we may see a break below minor support at 138.60 soon to confirm more corrective downside progress...
Posted On 23 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 22, 2019
Voting for Prime Minister Boris Johnson’s Brexit deal was rejected for the second time. Nevertheless, soon or late the British parliament...
Posted On 22 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 21, 2019
Primer Minister Boris Johnson negotiated a Brexit deal last week but there was no voting for or against it on Saturday. Maybe we will see a vote...
Posted On 21 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 16, 2019
GBP/JPY has rallied as we expected and has tested our 139.15 target (the high has been seen at 139.32). Some minor drops may occur. However,...
Posted On 16 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 14, 2019
GBP/JPY has accelerated higher and should continue its upside progress after a minor correction towards 135.15 from where renewed upside pressure...
Posted On 14 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 11, 2019
GBP/JPY is accelerating higher and the break above 132.24 is a clear indication that red wave ii finally has completed and red wave iii towards...
Posted On 11 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 7, 2019
GBP/JPY is expected to reach our target at 130.78 before turning higher but we are starting to see a real loss of downside momentum. The low ,for...
Posted On 07 Oct 2019
Elliott wave analysis of GBP/JPY for Sept 23, 2019
GBP/JPY has finally begun its decent towards 130.78. We should expect support at 133.81. The pair is likely to try to reject the attempt to break...
Posted On 23 Sep 2019
Elliott wave analysis of GBP/JPY for August 16, 2019
GBP/JPY remains locked below short-term important resistance at 129.31 which is the divider between a bottom likely being in place or more...
Posted On 16 Aug 2019
Elliott wave analysis of GBP/JPY for July 26, 2019
GBP/JPY is fighting its way higher, but has not started to accelerate higher as we had wished for. This does not mean the risk has shifted...
Posted On 26 Jul 2019
Elliott wave analysis of GBP/JPY for July 5, 2019
We continue to look for a final dip closer to 134.50 to complete the wave 2 and set the stage for a new impulsive rally in the wave 3 that will...
Posted On 05 Jul 2019
Elliott wave analysis of GBP/JPY for July 1, 2019
GBP/JPY has cleared short-term important resistance at 137.33 indicating that wave 2 completed with the 135.35. Now wave 3 is in motion for a new...
Posted On 01 Jul 2019
Elliott wave analysis of GBP/JPY for June 24, 2019
After testing a low of 135.43 GBP/JPY has been testing short-term important resistance at 136.92 multiple times indicating a weakening decline...
Posted On 24 Jun 2019
Elliott wave analysis of GBP/JPY for June 5, 2019
The GBP/JPY pair has recovered from 136.63. Now it is testing important resistance at 137.48. If this resistance is broken too, then we see wave...
Posted On 05 Jun 2019
Elliott wave analysis of GBP/JPY for June 3, 2019
GBP/JPY keeps pushing lower towards the 70.7% corrective target seen at 135.94. We are looking for a low at this corrective target and the...
Posted On 03 Jun 2019
Elliott wave analysis of GBP/JPY for May 20, 2019
GBP/JPY dipped to a low of 139.53 and tested the 50% corrective target. We are looking for confirmation that the wave 2 has completed with the...
Posted On 20 May 2019
Elliott wave analysis of GBP/JPY for April 17, 2019
The uptrend from 131.55 remains firmly in place. We expect support at 145.90 at most. 145.50 will be able to protect the downside for the renewed...
Posted On 17 Apr 2019
Elliott wave analysis of GBP/JPY for April 10, 2019
We continue to look for a break above minor resistance at 145.77 and more importantly a break above resistance at 146.00 that confirms more...
Posted On 10 Apr 2019
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use Privacy Policy