GBP/JPY daily chart pulling back to 61.8% Fibonacci retracement along with bullish hammer outside Bollinger band. GBP/JPY price hovering below the 50 EMA and trend line making its 4th attempt to slice through to commence the new trend. Flags, triangles, or pendants may form above the trend line for further…

GBP/JPY bearish formation during Asian session signaling possible test of trend line. GBP high impact news in within the next 2 hours on Claimant Count Charge and ILO unemployment (3 month) which is a leading indicator for the UK economy. Consensus is showing slight increase which would support the GBP/JPY drop.…

GBP/JPY up 3.5% from September lows with average volume declining at higher highs. The trend channel higher band also clustering with 50% Fibonacci level and an overthrow in price may even se 61.8%. When approaching the zone, it is crucial to wait for a key bearish candle reversal signal with…

  Daily chart showcasing major support at 135.500 from historical points of resistance and now support. GBP/JPY sideways trending since the 10th of September in a tight range with what looks to be a stop hunt spew below, and full recovery back within the base.   GBP/JPY – The great…

This report will update the setups discussed in the ‘FX Technical Report – Week Ahead’ published on the 29th August and look at new potential opportunities Summary of previous positions and if target has been met EUR/USD – Long Bias  , Target met  ? Yes (+100 pips)  USD/CAD – Short Bias ,…

Pair: GBPJPY may find key levels of support before the next expansion. Key Points: Price holding above the 200 EMA which it may revert towards Price holding below the 50 EMA Short term trend line breached and holding below Fibonacci 50% meets with major price 141.400 – Acting as a…