GBPJPY

The current GBPJPY structure hints at a corrective wave (B) of the intermediate degree, which is a triple combination W-X-Y-X-Z, or widely known as a triple zigzag. The successful completion of the second minor wave X suggests that the… Read More

The current GBPJPY structure hints to a bullish double zigzag Ⓦ-Ⓧ-Ⓨ, where waves Ⓦ and Ⓧ are fully completed. Wave Ⓨ consists of intermediate waves (A)-(B)-(C) and has a taken a standard zigzag formation. With waves (A) and (B) out the… Read More

The current GBPJPY structure hints to an intermediate degree corrective wave (B), heading downwards. Wave (B) consists of minor sub-waves А-В-С, where wave A is fully completed, but B is still under construction. Wave B’s formation… Read More

The current GBPJPY structure hints to a primary bullish impulse Ⓐ that was completed near the 148 round level. What follows seem to have taken a bearish formation consisting of corrective sub-waves (A), (B), and (C). Wave (A) of the… Read More

GBPJPY seems to be nearing the end of an intermediate bullish impulse wave (A) consisting of minor sub-waves 1-2-3-4 and 5. The first four parts of the impulse look complete, whereas wave 5 is under development. A closer look at… Read More

GBPJPY seems to be forming an intermediate bullish impulse (A) consisting of minor sub-waves 1-2-3-4 and 5. The current structure suggests that the minor corrective wave 4 is a triangle and it’s coming to an end soon. After the full… Read More

The current GBPJPY structure suggests that we are on a bullish 5-wave impulse formation, consisting of minor waves 1-2-3-4-5. Waves 1-2 and 3 are completed, whereas minor wave 4 is under construction but likely to end the correction near… Read More

GBP is back under pressure once again today as the market reacts to news that Theresa May will formally request that the EU extend the Article 50 process by just three months. News last week that parliament was backing an extension to… Read More

Speaking to members of parliament in the UK yesterday, BOE governor Mark Carney delivered a more balanced message than what we have recently heard. While on the one hand, the governor reaffirmed the risks around a no-deal Brexit, this… Read More

Highlights the cross stalling at the 161.8% extension level of 144.83 (from 130.70-139.43). We look for losses to be limited. Bespoke support is located at 142.30. Read More