Posts Tagged ‘gbp jpy’
Technical Analysis for Crosses
September 3rd, 2010
The GBP/JPY pair is still building a base to be able to breach the key resistance of 130.50 and whilst the uptrend line which carries the upside momentum still hold. Consequently, we keep our proposed bullish outlook over intraday basis, supported by the suggested Elliott count.
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Technical Analysis for Crosses
September 2nd, 2010
The GBP/JPY pair succeeded in showing two new positive signs as AROON overlapped positively, showing the strength of the recently established upside recover, while RSI 14 created a positive divergence as seen on the provided four hour chart. Thereby, we keep our overview to the upside today, supported by the
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Chart of the Day – GBP/JPY
August 30th, 2010
Price action on GBP/JPY (a daily chart of which is shown) as of Monday (8/30/2010) has pulled back up to the lower border of the large rising wedge formation that it broke down last week, before reasserting its bearish stance today. The low that was reached on the wedge breakdown
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GBP/JPY Drops to Continue Bearish Trend
August 24th, 2010
Price action on GBP/JPY (a daily chart of which is shown) as of Tuesday (8/24/2010) has broken down cleanly below a rising wedge pattern and, in the process, several key support levels. Directly underneath the wedge pattern, price went on to break down below 132.00 support and then the key
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Technical Analysis for Crosses
August 24th, 2010
The provided image of the weekly interval represents our bigger picture for the GBP/JPY pair and was published several times before hand; thus, we believe that this proposed Elliott count could bring more descending movements. When observing the weekly report, you will find a suggested correctional harmonic structure over smaller
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Technical Analysis for Crosses
August 20th, 2010
The GBP/JPY pair inclined yesterday, approaching the key resistance levels of 134.00. The overbought sign that occurred around this level force it to decline again during the Asian session. Currently, it is very close to the pivotal support levels around 132.50 while Stochastic is moving inside oversold areas. We still
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Technical Analysis for Crosses
August 19th, 2010
The GBP/JPY pair succeeded in building a solid support and it is still inclining steadily affected by the bullish harmonic butterfly pattern as seen on the provided four-hour chart. The current pivotal resistance resides at 133.55 and a break of which will accelerate the possible bullish movements over intraday basis.
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GBP/JPY in a Possible Short-term Reversal
August 16th, 2010
The Japanese Yen pairs have been in a strong down trend recently. For right now, the longer-term charts still show a bearish bias, but some of the shorter-term graphs indicate possible reversals. One of them is the GBP/JPY.
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Technical Analysis for Crosses
August 13th, 2010
The secondary image shows how the GBP/JPY pair has supported as well around the lower line of the ascending channel, which dominates the movements of the harmonic structure;respecting yesterday's technical speculation. More bullishness could be seen over intraday basis, supported by the bullish sign started to appear on RSI and
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Technical Analysis for Crosses
August 11th, 2010
The pair moved sharply to the downside as seen on the provided daily chart. The negative signs of AROON and RSI 14 still exist .Thus, the GBP/JPY pair might touch the lower line of the ascending channel which dominated the harmonic AB=CD pattern. To conclude, we believe that possible bearishness