GBP JPY

[PCMAnalyst]

The price is breaking the upper channel in the daily TF. If the price stabilizes over the line we have an expectation of a bullish move.

[PCMAnalyst]

By formation of a crab pattern in the weekly TF we saw the price bouncing up and down in PRZ zone. As we can see currently the price is reversing by having the resistance become support. As long as this hurdle doesn’t break lower there will not be any expectation to see the price going lower levels and we will have it climbed if the prior high around 157.20 breaks above.

[Samirofi]

GBP JPY remains positive 13/9/2013



The pair kept the stability above 156.75 yesterday, in spite of Stochastic attempt to form bearish wave to gain the waited bullish momentum, therefore we keep the previous expectation to achieve positive level again that reaches 159.40 in the upcoming period.

Expected trading range is between 156.80 and 159.40

Expected trend: bullish

[PCMAnalyst]

We can see an alt bat harmonic pattern in the H4 TF. by this condition the expectation is to have the price dropped if the supply rises.

[PCMAnalyst]

The price is fluctuating in a consolidation range in the M30 TF. we are expecting a trendy move by getting it out of the area.

[PCMAnalyst]

As we can see there are two harmonic patterns in the monthly TF:
Inv ab=cd & bat
by such condition we expect to see a drop by the price if the environment goes well and having supply pressure in the market.

[PCMAnalyst]

The price is fluctuating in a consolidation range in the M30 TF. we are expecting a trendy move by getting it out of the area.

Result:

[PCMAnalyst]

The price is in a bullish channel on the H4 TF. we expect to have a drop by the price if the lower channel is broken below around 157.00 .

[PCMAnalyst]

The price is in a bullish channel on the H4 TF. we expect to have a drop by the price if the lower channel is broken below around 157.00 .

As the story continues, we will see a drop by the price again if 155.40 area is broken.

[PCMAnalyst]

As the story continues, we will see a drop by the price again if 155.40 area is broken.