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Thread: GBP-JPY Analysis Forecast

  1. #181
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    Current fall is near an end of wave around 126.201988 zone, a rally should then procede to above 127.023331. Fall below 125.830643 would cancel this scenario.

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    Elliott Wave
    irregular flat correction up

    It should be subject to more sell off towards 126.894646 or 126.286446. Corrective upward swings should face resistance around 128.306656 area. A break of 128.183350 is bullish.

  3. #183
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    Now this is Open

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    The GBPJPY pair formed new positive wave yesterday affected by the stability above the initial support 145.20, to notice its approach from 147.65 barrier, while we remind you that it is important to monitor the price behavior in case reaching the current barrier, reminding you that the stability of this barrier will force the price to renew the negative attempts in the near term and medium term period, targeting 144.00 followed by 142.65 levels.

    On the other hand, breaching 147.65 will reinforce the positive domination again by forming the double bottom pattern that will open the way to record new positive targets by reaching 149.00 followed by 150.95 levels.

    Expected trading range for today is between 146.70 and 144.00

  5. #185
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    The positive pressures effect continued on the GBPJPY pair, to notice reaching the moving average 55 around 142.85, while we remind you that the bearish scenario will remain valid as long as 143.60 main resistance remains intact, expecting to attempt to regain the bearish bias by providing strong pressure on 140.30 followed by attempting to reach the first main target at 138.50.

    To active the bearish scenario, we need stochastic to exit from the overbought areas to start providing new negative close and assist to form the negative trading followed by reaching the waited targets.

    Expected trading range for today is between 142.85 and 140.30

  6. #186
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    The GBPJPY pair faced sudden negative pressure yesterday that forced it to form some correctional trading and test 50% Fibonacci correction level at 149.10, while the stability of the current level confirms forming solid support against the negative fluctuations and allows us to continue suggesting the bullish bias that targets 152.80 followed by 155.20 levels.

    On the other hand, declining below the current support will confirm the beginning of forming correctional bearish bias to target 147.80 level, and the continuous negative pressures might extend the pair's losses to 145.10 before achieving any new positive target.

    Expected trading range for today is between 149.20 and 152.80

  7. #187
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    The GBPJPY pair ended its bullish rally yesterday by recording 151.95, confirming the affection by the bullish bias domination, noting that the stability of 149.10 support forms main factor to the continuation of the positivity to expect witnessing new bullish attack to manage to record more positive targets by reaching 152.85 followed by 155.20.

    Stochastic approach from the overbought areas reinforces our bullish overview, to allow the price to gain new positive momentum and provide new bullish trading until achieving the waited targets.

    Expected trading range for today is between 150.50 and 152.85

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    The GBPJPY pair confirmed the continuation of the bullish correctional attempts by its repeated stability above 141.80 level, which confirms its readiness to record more of the positive targets in the near and medium period, to keep waiting until reaching 143.20, and the continuation of the positive pressures might that might extend the trading to 145.05.



    Stochastic reach to the overbought level supports the bullish suggestion in the current period by providing strong positive momentum, which eases the attempt to reach the mentioned targets.



    Expected trading range for today is between 142.00 and 143.20



    Expected trend for today: Bullish

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    This thread is open now..

  10. #190
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    Despite renewing the GBPJPY pair’s sideways fluctuations, its negative stability below 141.15 resistance confirms the preparation to form new negative trades in the near term period, while the price needs to get new negative momentum to manage to confirm breaking 139.60 level and open the way to achieve more targets by reaching 137.20 followed by 135.50 levels.



    We should note that the price stability above 139.60 will force it to provide new sideways trading with chances to test the resistance before achieving any new negative target.



    Expected trading range for today is between 141.15 and 139.60



    Expected trend for today: Sideways

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