• GBPJPY approaching support, potential bounce!

    Price is approaching our first support at 145.89 (horizontal swing low support, 100% fibonacci extension, 38.2% fibonacci retracment) where it might rise up to our resistance at 147.98 (horizontal swing high resistance). Stochastic is approaching support where we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin […]

  • GBPJPY testing its resistance, potential reversal!

    GBPJPY is testing its resistance at 147.32 (61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a potential reversal might occur, causing price to fall to its support at 145.31 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is testing resistance at 95% where a corresponding reaction could occur. Trading CFDs on margin […]

  • GBPJPY approaching support, potential bounce!

    GBPJPY is approaching our support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this leve, pushing price up to our resistance at 146.20 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bullish divergence and is approaching its support […]

  • GBPJPY dropped perfectly, potential for further bearish movement

    GBPJPY dropped perfectly from our resistance and has reacted off our first resistance at 148.43 (horizontal overlap resistance) and a strong reaction might occur causing price to drop to our major support at 147.14 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) […]

  • CADJPY testing major resistance, prepare for a potential reversal!

    GBPJPY is testing major resistance at 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below 94% where a corresponding reaction could occur. […]

  • GBPJPY testing major resistance, potential drop!

    GBPJPY is testing major resistance at 149.18 (Fibonacci retracement, bearish divergence, horizontal overlap resistance) and a strong drop could occur at this level to push price all the way down to major support at 147.50 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (89,5,3) is also seeing major resistance below 96% where a corresponding […]

  • GBPJPY is approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.23 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 147.11 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where a reaction off this level might […]

  • GBPJPY is approaching support, potential bounce!

    GBPJPY is approaching our first support at 150.64 (horizontal overlap support, 38.2% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 152.17 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also bouncing off […]

  • GBPJPY approaching support, potential rise!

    GBJPY is approaching our first support at 147.90 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure) which coincides with our short term ascending support line. A strong bounce might occur at this level, pushing price up to our major resistance at 149.30 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is […]

  • GBPJPY reacted off resistance, further potential drop!

    GBPJPY reacted off our first resistance at 150.0 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur pushing price down to our major support at 147.92 (horizontal swing low support, 61.8% Fibonacci extension). A breakout of our intermediate support level at 148.58 (horizontal overlap support, 50% Fibonacci retracement) might provide further bearish […]

  • GBPJPY reacted off resistance, potential drop!

    GBPJPY reacted off its first resistance level at 149.71 (78.6% Fibonacci retracement, horizontal swing high resistance, 61.8% Fibonacci extension). A strong reaction might occur at this level pushing price down to our major support at 147.01 (Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). A break out of its intermediate support at 148.58 […]

  • GBPJPY reversed nicely off its resistance, potential drop!

    GBPJPY reversed nicely off its resistance at 149.372 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its 1st support at 146.167 (L T 61.8% Fibonacci retracement, 76.4% Fibonacci retracement) or to its 2nd support at 145.140 (Horizontal overlap support). We have also identified another resistance at 150.938 […]