GBPJPY

Although Fridays price action posted a bearish Outside Day, follow through selling has been limited. This could be seen as just a reaction lower from the 161.8% extension of 149.27 (from 139.90-145.69). Buying close to current levels offer… Read More

The trend of higher lows (blue line) was located at 147.60. Reverse trend line resistance is now located at 147.86. Bespoke resistance is located at 146.70. Wo look for rallies to be limited Read More

The trend of higher lows was located at 147.60. Reverse trend line resistance is now located at 147.66. With bespoke resistance seen at 147.62, this is our prime area to get short. Read More

In this medium-term trade idea, PIA-First are looking at the rally being sold into for the Sterling Yen. PIA believes that a downside correction should be seen following the rally in this GBPJPY Medium-Term Trade Idea. UPDATE 09:45… Read More

We have seen some stalling in price action with Inside Harami Candles posted in the daily chart (indecision). We look for any upside corrections to be limited. Bespoke resistance is located at 149.00 Read More

There is no clear indication that the selloff is coming to an end. However, we are no in a congestion zone. With the intraday chart close to an exhaustion count, we look to sell into corrective rallies. Solid resistance is located at 150.00… Read More