Exchange: FX·Updated 05:59 PM EDT

GBPJPY British Pound / Japanese Yen

$209.27
$0.178
(0.08%)
Today
33

Bearish Sentiment

How do you feel about GBPJPY?

EWF_Sandile
$GBPJPY – The corrective bounce in wave (ii) is expected to remain capped below 211.332, with price continuing lower to eventually complete ((v)) of 5 of (C). This would finish wave ((4)) against 184.203, after which a turn higher is anticipated. Trade the right side. #trading #Elliottwave #GBPJPY
Jonathan_Morgan
GThe mid-Sep bounce got to 211.28 on the 18th, a yen short of the flat Kijun at 212.29, and died there. Friday's bar closed back under the Tenkan (209.48), DPO went negative the same day, and the Composite Index has gone from 89 to 27 in five sessions - under both averages now. Everything else is buried: price below cloud, Chikou below price and cloud, future cloud thick and red. Level to watch is the Sep 8 low at 207.10. Below that there's nothing on the daily until the Nov 24 low at 204.93. One Ichimoku detail to note -that Kijun stays pinned near 212 for about six more sessions, then steps down toward 210.7 as the late-Aug highs roll out of the 26-bar window - the ceiling is coming down to meet price. $GBPJPY $B6_F

Advertisement|Remove ads.