GBPJPY

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

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

In this episode, Richard is following up on his previously posted “Trends And Reversals – Patterns And Correlations” article, in which a spike in volatility was underlined, as a possibility, along with a chance for the Market to commence a… Read More

Here is our weekly video analysis for the FX Majors. Starting with the USD Index, we will be breaking down time-frames while highlighting what you should be looking out for this week! Read More

In this episode, Richard is following up on the previously posted “Bullish Patterns on Gold – EUR Stronger – Investors looking at YEN” article, and continuing the views he share during the “The World Cup NFP! – LIVE” webinar. Richard is… Read More

Here is our weekly video analysis for the FX Majors. Starting with the USD Index, we will be breaking down time-frames while highlighting what you should be looking out for this week! 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