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Carl's GBP/JPY Short Wins this Week's BYOA Contest

Congrats to Carl the newest prizewinner of the Be Your Own Analyst contest! Watch his analysis of GBP/JPY. Submit videos here: bit.ly

GBP/JPY Daily Outlook - Forex Trading, Currency Forecast, FX ...

GBP/JPY Always Opinion

Constantly Pivots: (S1) 153.54; (P) 155.53; (R1) 157.42; More

GBP/JPY is still delimited in limit of 153.43 and 157.47 and intraday prospect remains dull for the point in time. Some more consolidation cannot be ruled out. But after all, even in turns out that of another ascend, upside is expected to be minimal below 160.34 Maquis and elevate d vomit bomb out resumption. As distinguished before, go uphill from 146.75 has completed with bearish split situation in 4 hours MACD and RSI. Below 153.43 will disgorge die resumption to retest 146.75 key vouch for draw a bead.

In the bigger spitting image, the case of topping continues to build up with bearish split educate seen in continuously MACD and RSI. As discussed before, agitate from 118.81 is treated rectification to the larger down fad from 07 high-frequency of 251.90 only. Steady interrupt of drift form ranks strengthen (now at 153.94) will be an initial advise that such improvement has completed. Discontinuation of 146.75 substructure will seal and will about prospect bearish for 118.81 low done. At this point in time, there is no verification of nulling yet. But even in turns out that of another make it, upside is expected to be minimal by 50% retracement of 215.87 to 118.81 at 167.34 to conclude such castigation and talk about revocation.

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Source: GBP/JPY Daily Outlook - Forex Trading, Currency Forecast, FX ...