GBPJPY

GBPJPY has been trading in a descending channel for over two years. Several tests at the lower channel have been met with support as the most recent attempt was during the pandemic months. Since then we have witnessed a move to the… Read More

The GBPJPY structure shows the formation of a bearish Ⓐ-Ⓑ-Ⓒ zigzag. Wave Ⓐ is fully complete and formed a 5-wave impulse. We are currently in the final leg of the corrective wave Ⓑ. This takes the form of a simple intermediate… Read More

GBPJPY Inches Up on Deal Optimism The pound sterling could continue to strengthen against the yen. This is as long as hopes of a limited trade deal keep sellers at bay. Markets have shrugged off August’s slower-than-expected GDP… Read More

The current GBPJPY formation suggests a cycle degree flat a-b-c. Wave b has completed on a triple zigzag pattern. This pattern consisted of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Following wave b, we are now in the final cycle of wave c. We… Read More

GBPJPY opened the month on a bearish tone as prices trade at a 6-week low. An ascending channel created from March has seen a test at the upper region. However, since then a bearish divergence on the momentum indicator has triggered a… Read More

The current GBPJPY scenario indicates primary sub-wave Ⓧ is complete. Prices are now moving up in the final wave Ⓩ. This consists of intermediate sub-waves (A)-(B)-(C). Wave (A) is a 5–wave impulse, whereas wave (B) is a simple bearish… Read More

The GBPJPY structure hints to a triple zigzag consisting of primary waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, the final wave Ⓩ is under development. This takes the form of a standard (A)-(B)-(C) zigzag. Intermediate sub-waves (A) and (B)… Read More

From a long term perspective, the GBPJPY’s failed bid to push out of the Ichimoku cloud eyes a downturn. This is despite currently trading with an upside bias. The momentum indicator currently hints at a divergence to a shift in the… Read More

The current GBPJPY formation hints at a triple zigzag formation. The primary degree pattern consists of waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Currently, the last corrective part in wave (Z) is under development. It takes the form of a simple zigzag… Read More

The GBPJPY structure shows a bullish triple zigzag consisting of waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first three parts of the primary degree pattern seem fully complete. At the time of writing, we see the formation of a bearish intervening wave Ⓧ. It… Read More